Report From Counsel: Insights and Developments in the Law - Fall 2013


In this Issue:

- Limited Liability Companies — The Best of All Worlds?

- Employees Are Responsible for Beneficiary Designations

- Protect Your Plastic

- HOA Can Regulate Common Area

- Identity Theft Policies for Businesses

- Excerpt from Limited Liability Companies—The Best of All Worlds?

A limited liability company (LLC) is a business structure that combines some of the best features of sole proprietorships, partnerships, and corporations. LLC owners, like their counterparts for partnerships or sole proprietorships, report profits or losses on their personal income tax returns. Like a corporation, however, the owners of an LLC have “limited liability,” that is, they are shielded from personal liability for debts and claims arising from the business.

Please see full Newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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