Court Rulings Enhance LLCs As Business Entity

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Recent decisions by the North Carolina Court of Appeals in two unrelated cases involving limited liability companies (LLCs), greatly enhanced the value and use of LLCs as business entities for limiting liability of the managers and members of those entities. This article reviews the key points of each of those cases.

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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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