what is the difference between a partnership and an llc 
a partnership is a comparatively simple vehicle for business relationships unlike an llc there is no requirement for formal paperwork a partnership is considered to have formed whenever two or more partners go into business together also unlike an llc partners may be held personally liable for the partnership s business obligations meaning that creditors may seek repayment from the personal assets of individual partners in contrast the members of an llc are legally distinct from their business organization can an llc operating agreement be amended yes llc operating agreements can generally be amended but the procedures for doing so will vary in most cases the process of amending an operating agreement should be spelled out in the agreement itself some llcs might specify that they can only be amended by a unanimous vote of the members or that they can only be amended in the fourth quarter of the year it is even possible for an llc to have an operating agreement that cannot be amended if it is not clearly stated the process for amending an operating agreement is determined by the default rules for llcs in that state 