Understanding the General and Limited Liability Legal Benefits of an LLC and Situations Where Limited Liability Can Be Revoked

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Understanding the General and Limited Liability Legal Benefits of an LLC and Situations Where Limited Liability Can Be Revoked

By Brian Figeroux, Esq. | Editorial Credit: Zhanna Hapanovich / shutterstock.com  To maintain the protection of limited liability, LLC members must follow certain best practices, including keeping personal and business finances separate, maintaining adequate capitalization, operating ethically and lawfully, and avoiding personal guarantees. The Limited Liability Company (LLC) is one of the most popular business […]

Introduction to Limited Liability Companies (LLCs), in New York State

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Introduction to Limited Liability Companies (LLCs), in New York State

Editorial Credit: JLco Julia Amaral/shutterstock.com 1. Introduction to Limited Liability Companies (LLCs) Overview of an LLC A Limited Liability Company (LLC) is a popular business structure in the United States that provides business owners with the flexibility of a partnership or sole proprietorship while offering the limited liability protection typically associated with a corporation. An […]