Appendix H(2): Limited Liability Company
Agreement for General Partner
In this two hour, live webcast, a panel of key thought leaders organized by The Knowledge Group will provide an overview of the latest trends and Best Practices in Dealing with Disputes and Litigation in a Limited Liability Company
A limited liability company
that wants to be an L3C must state in its articles of organization that the company is not designed to further political or legislative purposes and that "no significant purpose of the company" is the production of income or the appreciation of property.
Leaving aside the specialized types of legal entities, such as an agricultural company or credit union or similar, there are three main forms of profit seeking legal entities--the Individual enterprise, private limited liability company
and public limited liability company
Rather than contributing or selling property, a limited liability company
(LLC) member may wish to retain property ownership, while making it available for the LLC s use or benefit.
He forms a legal entity, such as a corporation or limited liability company
, which we'll call the "Company," that will be owned primarily by his sons and partially by Paul.
These letters state that the parent or affiliated companies are responsible for paying the retrospective premiums if the limited liability company
Unless the business is formed as a corporation or a limited liability company
, it will be a sole-proprietorship by default.
Lockheed Martin Skunk Works has created a limited liability company
officials say will take the X-33/Reusable Launch Vehicle program from a technology demonstration program to a viable commercial space business.
Then, with some other physicians, we got a lawyer, formed a limited liability company
, and put the incentives in the right place," says Daniel S.
At last count, 35 States(2) now have enacted limited liability company
statutes, and 10(3) of the remaining 15 States have limited liability company
Among the available options, the limited liability company
(LLC) is not new but certainly is gaining favor as a way of doing business.