The name practically says it all--limited liability. Who doesn't want to reduce their liability? Limited liability business forms, including limited liability companies, limited liability partnerships ...

A limited liability company, often referred to as an LLC, has many advantages. Because an LLC represents characteristics of a corporation and a partnership combined, it takes on the best of both of ...

A Limited Liability Company (LLC) is a business structure that provides limited liability protection for its owners and shareholders. It means that the company's liabilities are separate from those of ...

The New York Limited Liability Company Transparency Act (“NY LLCTA”), which was modeled after the Corporate Transparency Act ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

When the Nevada legislature enacted the state's limited-liability company act, it did not prescribe the fiduciary duties, if any, owed by managers. As I observed: "Thus, the legislature has left it ...

This column examines these amendments, the history behind Delaware's prominence in the realm of corporate law, and discusses some key differences between LLCs and corporations. Delaware Senate Bill ...