Limited liability companies are the premier vehicle for businesses these days. Not only is LLC legislation far more current than laws governing corporations or limited partnerships, but LLC laws address many of the shortcomings found with corporations and limited partnerships. One of the most compelling features of a limited liability company is the division of management from ownership. In the …
The Virtues of Professional LLC Management
We frequently find clients befuddled by advisors who have recommended the use of an LLC, or clients who choose themselves to set about creating an LLC, only to find that they do not know how to properly and effectively manage an LLC. Limited liability companies are a creature of statute first brought about in the State of Wyoming in 1979. …