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 ...

The concept of limited liability closely is associated with the establishment and operation of a business enterprise, according to "Business Organizations" by D. Gordon Smith and Cynthia A. Williams.

Shareholders own corporations in the United States, according to Cornell University Law School. Unlike the owners of some other types of business organizations, shareholders in a corporation generally ...

When starting a business, people have the option of either doing so through a sole proprietorship (one person owns the business), a partnership (two or more people own the business), or through a ...

Opinions expressed by Entrepreneur contributors are their own. Of all the decisions you make when starting a business, probably the most important one relating to taxes is the type of legal structure ...

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 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 ...

The biggest decision you’ll make as a new business owner is whether you want to set up as an unlimited liability company or not. How you structure your new business will have lasting implications for ...

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 ...