What is limited liability protection?

Answer Businesses can be set up to have limited liability status. This gives companies the flexibility to have protection like larger companies while not being considered one by the U.S. Internal Revenue ... Read More »

Top Q&A For: What is limited liability protection

What is the difference between a limited liability corporation&a limited liability partnership?

A limited liability partnership (LLP) and a limited liability company (LLC) contain elements of a general partnership combined with liability protection for the business owners. In states like Cali... Read More »

What type of liability should a game shop have Unlimited or limited liability?

Get what you can afford. If it is limited, talk to the agent about what would be considered a safe amount.

What is an limited liability company?

A limited liability company (or LLC) is a business entity which joins various aspects of corporations, partnerships and sole proprietorship. LLCs are structured by state law, so the company must fo... Read More »

What is a limited liability company?

A limited liability company is a newer type of business entity, also referred to as an LLC. An LLC is a hybrid form of business that combines the elements of a partnership with that of a corporatio... Read More »