A limited liability company is a business entity that combines the personal asset protection of a corporation with the taxation advantages of a partnership. A limited liability company may be ...

Looking to protect your assets and simplify the process of starting a business? Look no further than the Limited Liability Company (L.L.C.). This versatile business structure offers limited liability ...

A corporation isn't required to have a full team of c-suite executives and large, formal shareholder meetings. It is possible to be the sole shareholder, director and officer for your corporation.

An LLC offers many benefits to business owners, including personal asset protection for owners, pass-though taxation and a flexible management structure. All states allow the owners of an LLC to ...

Consider the following hypothetical: The operating agreement of an LLC vests management authority in its two members. In practice, and by informal mutual consent, only one of the members actively ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

No one likes to pay federal income taxes, but for many members of multi-member LLCs, the self-employment tax and the Medicare tax on their income from their LLCs can be almost as bad. On the first ...

Arizona has finally resolved the issue of whether managers and members of an Arizona Limited Liability Company (LLC) owe a common law fiduciary duty to the LLC and whether an operating agreement can ...

As limited liability companies (LLCs) continue to become more prevalent, courts have begun to consider the extent to which members may waive fiduciary obligations. As limited liability companies (LLCs ...

Opinions expressed by Entrepreneur contributors are their own. A corporation isn’t required to have a full team of c-suite executives and large, formal shareholder meetings. It is possible to be the ...