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 ...
When you decide to set up a new business as a limited liability company, you benefit from a legal structure that gives you and your partners, known as members, great flexibility in running the company ...
Under California’s Revised Limited Liability Company Act (“RULLCA”), LLC participants have substantial freedom to structure their relationship in a customized manner under their governing operating ...