Fundamentals of Limited Liability Company


Limited Liability Company offers the best of two worlds: LIMITED liability aspect of corporations and PASS-THROUGH income-tax aspects of partnerships. Generally, a Limited Liability Company is formed with 1 or more members to carry on a business while none of the owners have personal liability for the obligations of the business.This article explores in some preliminary detail the formation, taxation, advantages and disadvantages of Limited Liability Company, among other subjects.

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Doron Eghbali
Law Advocate Group, LLP

Doron has worked for top law firms helping them to negotiate and draft contracts for start-up... View Profile »

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