What the pros and cons of limited liability partnership and general partnership

A general partnership put all the assets of the general partners at risk for any debt of the general partnership. A limited liability partnership cannot be formed by "anyone" and is usally reseverd for certain professions. Most people who want an entity choose an LLC not an LLP. Almost no one chooses a general partnership unless the parters are corporations or LLCs so that the debts do not flow through to individual partners.