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References in periodicals archive ?
The proposed law also provides that limited liability partnership will be a body corporate, which has the flexibility of a general partnership and would avail all the advantages of a limited liability company.
As background for this Article's analysis of limited liability in the context of shadow banking, the discussion begins by examining, from a historical standpoint, how corporate limited liability became the general norm and then, from a scholarly standpoint, whether it should be the general norm.
The constituent meeting is convened which must approve the founder's report of the limited liability company and elect the members of bodies of the company elected by the general meeting of shareholders.
of the limited liability company and the unique single member limited
A Single Theory of Limited Liability Companies: An Evolutionary Analysis by Professor Thomas Earl Geu,
Corporate Advantages over Limited Liability Partnerships (LLPs)
The basic idea of this method is for the corporation and its shareholders to form a limited liability company.
All four corporate characteristics - limited liability, continuity of life, free transferability of interest and centralization of management - are integral to the operation and management of a large, public corporation, and it's unlikely that large corporations would sacrifice any two traits to obtain the tax benefits to be derived from an LLC.
The real limit of having a corporate general partner in a limited partnership to reduce liability is avoided since all LLC members enjoy limited liability.
Limited liability companies (LLCs) have become attractive vehicles for companies joining together to venture into new business opportunities both domestically and overseas.
The limited liability company (LLC) concept was first created in 1977 by Wyoming, followed by Florida in 1982, and Kansas and Colorado in 1990.
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