Business Law

	Contracts		Non Profit Organizations		Limited Partnerships		Limited Liability Companies

A Limited Liability Company is a relatively new form of entity that combines the advantage of a partnership with the advantage of a corporation's limited shareholder liability, even if the owners participate in the management of the company. LLC's enjoy the following advantages:

- Limited liability protection
- No restriction on the number or nature of shareholders
- "Pass through" of entity losses to investors
- Avoidance of two levels of taxation
- Flexibility in design of structure
- Easy removal of assets from the business