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...
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...
Very often, liability can be reduced or the financial and operational goals of business owners can be better achieved by changing a company’s legal structure, e.g., general partnership (GP) to limited liability partnership (LLP), for-profit corporation to non-profit corporation,...
Very often, liability can be reduced or the financial and operational goals of business owners can be better achieved by changing a company’s legal structure, e.g., general partnership (GP) to limited liability partnership (LLP), for-profit corporation to non-profit corporation,...
Many are surprised to learn that the chief reasons are unrelated to taxation. In fact, they are... The Statute. The Delaware General Corporation Law is regarded as relatively flexible, which allows great ability to structure the relationship between a corporation's shareholders...