A form of business organization with the liability-shield advantages ... Many states allow a business form called the limited liability company (LLC). The LLC arose from business owners' desire ...
A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...
LLC stands for limited liability company. It’s a business structure that limits the liability of an entity’s owners (called members) in the event of company debt/bankruptcy, a lawsuit or other ...
Limited liability ... To protect against vicarious liability, LCCs, like egg cartons, should be structured with dividers between the assets titled into the LLC for holding. Otherwise, the ...