A limited liability company (LLC) is business entity authorized by a state. Neither a partnership nor a corporation, an LLC provides sole proprietors and business partners many of the rights afforded ...

In Jacobs v Cartalemi, now the leading case on the subject of LLC member withdrawal (which our firm had the pleasure of litigating), the Appellate Division – Second Department repeated a ...

The LLC has become a very popular choice for small businesses. In some ways, it offers the best of both worlds: the limited liability protection of a corporate structure, but with fewer administrative ...

Many business owners don't realize the limited liability company structure has several variations. LLC, PLLC, foreign LLC, series LLC, member-managed LLC, manager-managed LLC — oh, my! Indeed, there's ...

A Limited Liability Company capital account is a way to keep track of an individual member's investment in the business. If the business was sold, or the member wanted to sell her share of the ...

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