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.

When they incorporate, many businesses form as Limited Liability Companies (LLCs). An LLC is a corporate structure that’s a separate entity from the person(s) forming it. It also requires the owners ...

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 ...

Fifty years ago Milton Friedman declared that "the social responsibility of business is to increase its profits." The anniversary of that proclamation occasioned a flurry of commentary about what, if ...

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 ...

Forbes contributors publish independent expert analyses and insights. I write about commercial real estate negotiations, deals and legal issues. Once in a while the manager of a limited liability ...

In the first part of this two-part commentary on the dangers of misapplication of O.C.G.A. § 33-24-41.1 in limited liability releases in nonmotor vehicle accident claims, we explored the need for § 33 ...

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 ...