A decade after limited liability designations debuted in New York, accountants say they have become the entities of choice for new companies in the state. Limited liability designations fall under two ...

A limited liability company (LLC) is a statutory business entity that may be formed by at least two members (although one-member LLCs are permitted in some states) by drafting articles of organization ...

Lisa has left her job as a graphic designer at a recognized firm to start her own business. She enjoys the work she does but not the environment of that established firm. Deciding she'd rather be her ...

From a legal perspective, business owners have several options for organizing and operating their business. Selecting the best option usually depends on three concerns — allocating management of the ...

Editor’s Note: Michael J. Parrish and Ryal W. Tayloe are members of the Litigation and the Construction Litigation Practice Groups at Ward and Smith, P.A. Limited liability protection offered by ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

Tax practitioners should get familiar with hand­ling limited liability companies this tax season, as 85 percent of tax professionals responding to a recent poll reported that LLCs accounted for up to ...

Last week, I told you that trying to collect a debt owed to you by an insolvent limited liability entity from the owners of the entity was problematic — a steep legal hill to climb. That’s because the ...

IMGCAP(1)][IMGCAP(2)]Limited liability companies have become the entity of choice for small business owners and are commonly utilized by professionals in asset protection planning. Processing Content ...