The Limited Liability Company (LLC), a hybrid of the partnership and the corporation, has become a popular legal alternative for business owners. Now available in almost all states, the LLC combines ...

For a general overview of the different types of business entities, see my other article Choosing the Correct Business Entity: The Basics. For a quick reference, see also the chart in our article ...

Your startup may be fueled by your passion, but it's going to be shaped by the law. That includes the structure of your business; sole proprietorship, corporation, limited liability company (LLC) and ...

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 ...

The Court of Federal Claims recently ruled that an interest in a Texas limited liability company (LLC) was not a limited partnership interest held as a limited partner for purposes of the passive loss ...

Limited liability partnerships, or LLPs, came into existence in the United States in 1991 when the state of Texas signed the first LLP law into existence. Many other states soon followed. LLPs provide ...

The thought of “being your own boss” is sure exciting and if you plan to do it by setting up your business and are ready with ...

A limited liability limited partnership is a hybrid of various business entities. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...