LIMITED LIABILITY COMPANIES AND BUSINESS CORPORATIONS are just two of the wide variety of business structures to choose from when deciding how to organize and operate business ventures. Other alternatives include the sole proprietorship, general partnership, limited partnership, and...
PURCHASING AN ON-GOING BUSINESS is an excellent opportunity for an entrepreneur seeking the financial and personal rewards of owning and operating a business. Buying vs. Starting a Business A chief advantage of purchasing a business (as opposed to starting one...
The Case of the Departing Penultimate Partner Can one hand clap? There are many disadvantages associated with structuring a business as a general partnership. One disadvantage is that, unlike limited liability companies and corporations, the departure of one of the remaining...
A LIMITED LIABILITY COMPANY (“LLC”) is not a “limited liability corporation.” They are two separate, legal structures that may be utilized to engage in a variety of business ventures and enterprises. A business corporation (“corporation”) is a business entity...
I am often asked whether to transfer residential property into a limited liability company (LLC). Consider the following... Why transfer residential property to an LLC? It is not uncommon for an individual or a group of individuals to derive rental income...
 
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