When starting your limited liability corporation (LLC), one of the first things you’ll have to do is decide what kind of LLC you want to build. Some are small ventures run by one person or a family.

Limited liability companies are legal structures that shield their owners from personal and, usually, professional, liability. Any losses generally are limited to the owner's investment. LLCs also ...

LLC enabling statutes authorize two types of management structures. The default structure is member-managed in which all members participate in the management of the company’s business affairs. Member ...

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 ...

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 ...

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, ...

Editor’s Note: Allen N. Trask III is a member of the Litigation Practice Group at Ward and Smith, P.A. Limited liability companies (“LLCs”) are authorized in North Carolina by Chapter 57C of the North ...

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 ...