Last week, I told you that trying to collect a debt owed to you by an insolvent limited liability entity from the owners of the entity was problematic — a steep legal hill to climb. That’s because the ...

Forbes contributors publish independent expert analyses and insights. Head of McDermott Will & Emery’s U.S. & International Tax practice. This article is more than 10 years old. A joint venture (JV) ...

From a legal perspective, business owners have several options for organizing and operating their business. Selecting the best option usually depends on three concerns — allocating management of the ...

Editor’s Note: Michael J. Parrish and Ryal W. Tayloe are members of the Litigation and the Construction Litigation Practice Groups at Ward and Smith, P.A. Limited liability protection offered by ...

There are true and palpable advantages to conducting a commercial enterprise as a corporation, limited liability company or other similar “protective” structure. First, though, what exactly does ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

IMGCAP(1)][IMGCAP(2)]Limited liability companies have become the entity of choice for small business owners and are commonly utilized by professionals in asset protection planning. Choosing to use the ...

The name practically says it all--limited liability. Who doesn't want to reduce their liability? Limited liability business forms, including limited liability companies, limited liability partnerships ...