A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

Limited liability insurance is coverage for a partner in a business. This type of insurance provides protection for individuals, not a collective, and protects personal and private assets. Much like a ...

The Limited Liability Company (LLC), a hybrid of the partnership and the corporation, has become a popular legal alternative for business owners. Now available in almost all states, the LLC combines ...

Business owners seeking to limit their personal liability for the actions and debts of the company may structure the business as a limited liability partnership or as a limited liability company.

Opinions expressed by Entrepreneur contributors are their own. When choosing a small business structure, many owners go for a limited liability company (LLC) because of the protection from liabilities ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

Limited liability companies, like partnerships both general and limited, are fundamentally creatures of contract law. The members agree with each other as to the business to be conducted by the LLC, ...

A business entity is formed to conduct business activities. Learn about the different types and how to choose one. Many, or all, of the products featured on this page are from our advertising partners ...

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, and not day-to-day activity, controls who qualifies for the self-employment ...

Mitchell Zingman explains how a recent New York Civil Court decision held that RPAPL 735 does not permit substituted service on limited liability companies, potentially forcing landlords to use more ...

Liability refers to the amount that a business owes at any one time. This responsibility for these debts can fall on either the company itself or its business owners, depending on the structure of the ...