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Limited Liability Company
A limited liability company (abbreviated by L.L.C. or LLC) in the law the vast majority of the United States is a legal form of business company offering limited liability to its owners. It is often incorrectly called a "limited liability corporation" (instead of company). It is a hybrid business entity having characterstics of both a corporation and a partnership. The primary corporate characteristic is limited liability while the primary partnership characteristic is pass-though income taxation. Under some circumstances, however, the members (the LLC version of shareholders or partners) may elect for the LLC to be taxed like a corporation (taxation of the entity's income prior to any dividends or distributions to the members and then taxation of the dividends or distributions once received as income by the members). Corporations, S-Corporations, Limited Liability Partnerships, Limited Partnerships, Limited Liability Limited Parnerships, and LLCs lie along a spectrum of flexibilty with LLCs being the most flexible, and thus preferrable, for many businesses.
Piercing Liability Protections of a Limited Liability Company - Some Ideas by Way of North Carolina
Wilmington North Carolina Business Law and Litigation Attorney Blog has a multi-part article on getting past the personal liability protections of a LLC...
You Want to Start a Limited Liability Company?
Read Limited Liability Company 101 first. A general article that will not lead you astray about Indiana's law on Limited Liability Companies...
Getting Out of An Indiana Limited Liability Company
So you got into a LLC and now you want to get out?This could be a problem and the solution depends on a few things:Was the LLC set up before or after June 30, 1999?Is there an operating agreement?How does the member want to get out of the LLC?If the member wants to withdraw from a LLC set up before June 30, 1999 that has an operating agreement, then the operating agreement controls...
California Limited Liability Company Fee
Limited Liability Companies have much going for them. But for some businesses, LLCs can be very expensive to operate because of the gross receipts tax paid to the California Franchise Tax Board.
Revised Uniform Limited Liability Company Act
Nicholas G. Karambelas, a partner at Sfikas & Karambelas LLP has written an interesting feature on RULLCA for the February 2008 edition of Washington Lawyer...
Indiana Law on Judicially Dissolving a Limited Liability Company
Indiana has no case law on dissolving a limited liability company. The statute setting the procedure for judicially dissolving a LLC is IC 23-18-9-2:On application by or for a member, the circuit or superior court of the county in which the limited liability company's principal office, or if there is none in Indiana, in which the registered office is located, may decree dissolution of the limited liability company whenever it is not reasonably practicable to carry on the business in conformity with the articles of organization or operating agreement...
Can collection agency call me for my mother debt that she never had?
Get an Attorney - quickly. Do not talk to the collection people. Do not tell the...
Can I sue my employer for creating a hostile work environment and lying about my work performance to get me to quit?
How does the owner of the business feel about all of this? I suggest that you tr...
How can i sue for a straw purchase?
Anyone can co-sign. A straw purchase would be if you has someone buy the car for...
Can a creditor/collection agency call other employees at your place of work AND call your adult children who live in another state?
A creditor can call you at home, several times a day if you aren't answerin...
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Well, he could 1. Get a new job. Sister, I understand ya, if he's anything ...
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Can collection agency call me for my mother debt that she never had?
Get an Attorney - quickly. Do not talk to the collection people. Do not tell the...
Can I sue my employer for creating a hostile work environment and lying about my work performance to get me to quit?
How does the owner of the business feel about all of this? I suggest that you tr...
How can i sue for a straw purchase?
Anyone can co-sign. A straw purchase would be if you has someone buy the car for...
Can a creditor/collection agency call other employees at your place of work AND call your adult children who live in another state?
A creditor can call you at home, several times a day if you aren't answerin...
Is it legal for a company to overwork their employees?
Well, he could 1. Get a new job. Sister, I understand ya, if he's anything ...
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