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<  Business Legal Issues  ~  limited liability

jiggy
Posted: Mon Aug 29, 2005 4:55 am Reply with quote
. .
Joined: 29 Aug 2005 Posts: 2
What are limited liability companies? a limited liability partnership?
What are the advantages and disadvantages of this?

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QiSoftware
Posted: Mon Aug 29, 2005 4:57 pm Reply with quote
Admin Joined: 14 Sep 2004 Posts: 184 Location: USA
Quote:
An artificial entity created under and governed by the laws of the jurisdiction in which it was formed. Limited liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships or S corporations.


here is the link: http://www.google.com/search?hs=dHV&hl=en&lr=&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&q=what+is+llc%3F&btnG=Search

Q... [this is about all I know]

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