Algebras of quotients of path algebras

Leavitt path algebras are shown to be algebras of right quotients of their corresponding path algebras. Using this fact we obtain maximal algebras of right quotients from those (Leavitt) path algebras whose associated graph satisfies that every vertex connects to a line point (equivalently, the Leavitt path algebra has essential socle). We also introduce and characterize the algebraic counterpart of Toeplitz algebras.