Limited Liability Company; A Viable Alternative?

Limited Liability Company; A Viable Alternative?
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A limited liability company, otherwise known as an LLC, is a kind of business that is best described as a hybrid of corporate structure and a lower liability partnership. Limited liability does not mean that in all cases the owners of the company are not liable for the actions of the company; in certain cases, especially those involving misrepresentation of the nature of a companies primary characteristics, a LLC can be forced by a court to have its head partners held accountable for certain actions. However, for the most part a LLC is a good option for reducing liability, as it is not, technically, a corporation, but shares many similarities with it. In this way, a limited liability company can avoid certain forms of income tax and legal attacks. Limited liability companies, for most inte
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