A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

A limited liability company (LLC) is a statutory business entity that may be formed by at least two members (although one-member LLCs are permitted in some states) by drafting articles of organization ...

From a legal perspective, business owners have several options for organizing and operating their business. Selecting the best option usually depends on three concerns — allocating management of the ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

Editor’s Note: Michael J. Parrish and Ryal W. Tayloe are members of the Litigation and the Construction Litigation Practice Groups at Ward and Smith, P.A. Limited liability protection offered by ...

There are true and palpable advantages to conducting a commercial enterprise as a corporation, limited liability company or other similar “protective” structure. First, though, what exactly does ...

Lisa has left her job as a graphic designer at a recognized firm to start her own business. She enjoys the work she does but not the environment of that established firm. Deciding she'd rather be her ...

Tax practitioners should get familiar with hand­ling limited liability companies this tax season, as 85 percent of tax professionals responding to a recent poll reported that LLCs accounted for up to ...

Last week, I told you that trying to collect a debt owed to you by an insolvent limited liability entity from the owners of the entity was problematic — a steep legal hill to climb. That’s because the ...