Limited Liability

A corporation is a form of business organization where the company's affairs are managed by a board of directors. A limited liability company (LLC) is a hybrid form of business organization that...

A professional limited liability company ("PLLC") is a limited liability company organized specifically for the purpose of providing professional services. The members of most PLLCs are engaged in...

A sidetrack agreement, also known as a railroad sidetrack agreement or sidetrack insurance, is an agreement between a property or business owner and a railroad company.

LLC is the abbreviation for Limited Liability Company. Forming an LLC is not difficult. By forming an LLC instead of a corporation, you receive all of the benefits of having a corporation except...

Payday loan services offer high-interest, short-term loans that often leave borrowers in perpetual debt to the lender. These companies often charge excessive fees that can be challenged in court...

In the eyes of the law, an LLC is an individual entity. In order to ensure this entity is properly maintained, it is highly recommended to have an attorney draft the necessary establishment documents.

Since just about every state requires its members to be listed on filing documents that are in the public record, it is very easy to locate the members of an LLC. In most states, this information...

Limited liability companies have become the business form of choice in America, primarily because they are easy to create, easy to administer, and they provide legal liability protection to the...

A limited liability corporation, most commonly referred to as an LLC, is one of the most popular forms for new businesses. An LLC offers strong personal protection to the entrepreneur while...

A business can be organized as a partnership or a corporation. To protect personal assets, businesspeople have the option of creating entities that limit liability, including a limited liability...

In 1993, Michigan joined the vast majority of jurisdictions when its legislature enacted the Michigan Limited Liability Company Act (LLC Act). The LLC Act allowed individuals additional...

Limited Liability Companies, or LLCs, are popular business structures for small business owners. Doing business under an LLC can shield the owners personal assets and credit from the potential...

A Limited Liability Company (LLC) is a form of business organization created by law to give business people a way to avoid high taxation and extra liability. It also gives its members a high...

Limited Liability Companies, typically referred to as LLCs, are a very simple form of business structure. They're easy to establish while still providing good legal protection for business owners....

Three types of corporations offer limited liability for shareholders. The type of corporation that's right for you depends on the type of management each shareholder will have, their rights within...

Private Limited Companies are a form of incorporated business that is used to reduce exposure to debt by the owners. A private limited company (PLC) is not found often in the United States, but is...

The three main categories of business organization are the sole proprietorship, the partnership and the limited liability forms. Among the latter two of these, several different forms exist. Other...

In this article you will learn how to form a Louisiana Limited Liability Company. This will legally separate your business from your personal financial life.

Setting up an LLC in the State of Washington is very simple. However, there are a set of steps that you must perform in a specific order in order to complete this process. Before setting up any...

Limited liability companies are legal business structures that take on some characteristics of corporations and some characteristics of partnerships. Limited liability companies are created under...

Forming an LLC (Limited Liability Corp) offers several advangages to individuals and small businesses including: limiting personal asset liability, tax advantages, simplification of record keeping

If you have already decided that you want your new business to operate as a Limited Liability Company (LLC), there are additional steps you must take in order to start operating as a new LLC. If...

LLC stands for limited liability company. LLCs provide owners with limited liability so that the owners cannot be held responsible for the liabilities of the company. The owners of an LLC are...

A Company Limited by Guarantee, or guarantee company, lacks share capital and possesses liability limited to the individual involvement of each member participating in its operation.

LLP is short for Limited Liability Partnership, a business entity in which its partners are liable, in a limited way, to the company. The amount of the liability directly depends upon the amount...

LLP, or Limited Liability Partnership, is a business partnership where partners' liability in the company is limited to the amount of their investment into the company. The partners are also not...

When starting a business, there are a number of options you can take: a sole proprietorship, a limited liability corporation (LLC) or a limited liability partnership (LLP). The LLC and LLP are...

The advantages of a limited liability company (LLC) and a limited liability partnership (LLP) are similar, but it is important to note that these two types of business organizations are actually...

Partnerships are commonplace in business. They are a result of several people joining together voluntarily for a "limited time" as co-owners, generally for profit. When such a union is formed,...

Forming an LLC, or limited liability company, means you aren't personally liable for the debts of your company. By filing articles of organization with your secretary of state's office and paying...

Part of the reason people choose to forms LLCs, or limited liability companies, is to shelter their personal finances from the liability associated with their business. Either manage this process...

Almost all states require LLCs to submit at least one LLC minutes form annually. This document lists any important changes and transactions in your limited liability company throughout the year....