LLCs and corporations both offer liability protection, but the right structure depends on your business goals, tax preferences, and plans for growth. Choose an LLC for flexibility, ease of setup, and ...

Assume that a debtor is a member of a three-person Limited Liability Company (LLC). All the members have management rights. The debtor then files for bankruptcy -- What happens? At this point, the ...

Limited liability company owners, or members, set up single- or multi- member LLCs to reap benefits enjoyed by other business entities such as limited liability protection. LLC members must endorse ...

When starting your limited liability corporation (LLC), one of the first things you’ll have to do is decide what kind of LLC you want to build. Some are small ventures run by one person or a family.

As limited liability companies (LLCs) continue to become more prevalent, courts have begun to consider the extent to which members may waive fiduciary obligations. As limited liability companies (LLCs ...

A limited liability company is a type of business entity that is recognized in every state. The concept of the LLC structure is to give some legal protection to the owners, while keeping bookkeeping ...

Limited liability companies, like partnerships both general and limited, are fundamentally creatures of contract law. The members agree with each other as to the business to be conducted by the LLC, ...

Litigation between and among members in a limited liability company (LLC) can be, to say the least, complicated. Disputes over money usually are, but when a minority group of members believe that they ...