Limited liability

Palmer’s Concrete Limited Liability Company Palmer’s Concrete is an independent owned limited liability corporation that uses concrete to build sidewalk curves, and lay foundations for any edaphic. Palmer’s Concrete Limited Liability Company is based in the historical city of Pensacola, Florida and is located in the historical Brownsville area. The overall mission of Palmer’s Concrete is to form a foundation professionally for the moral structure of the individual, the businesses, and secure an

The Concept of Limited Liability and the Christian Worldview. “Morality cannot be legislated, but behavior can be regulated. Judicial decrees may not change the heart, but they can restrain the heartless” (Martin Luther King, Jr., Strength to Love, 1963). These words of Martin Luther King, Jr. speaks volume to the society that we find ourselves. It is very rare to come across business owners like Frank who wants to do what is right; first of all, by God and secondly by the laws of the country.

publicly available unless the partnership has LLP status (Limited Liability Partnership). Disadvantages of partnerships: Partners are jointly liable to all the businesses’ losses and debts unless they have LLP status. The decision-making process will be slow, because all partners have to consent. Partnerships need a solicitor to take care of the legal agreements and issues, which is associated with legal costs. 3. Franchises: It is

Business Structure: I have chosen the business name of SamRose Productions. I have chosen the legal structure of Limited Liability Company. Facilities: I will have an office located in southern California. I will be located near the Los Angeles area. Business Structure: I am currently working on which professional organizations that I want to join. The film company will be more successful through networking. Facilities: I am currently working on what the zoning requirements are. The zoning

This essay will explain the concepts of separate personality and limited liability and their significance in company law. The principle of separate personality is defined in the Companies Act 2006(CA) ; “subscribers to the memorandum, together with such other persons as may from time to time become members of the company are a body corporate by the name contained in memorandum.” This essentially means that a company is a separate legal personality to its members and therefore can itself be sued and

like sole proprietorships, partnerships, limited liability companies (LLC), and corporations in which individuals uses to start their own business. Any types of business structure that you may choose will have legal and tax implications (SBA, 2016). If I were to start my own business, I would choose a business entity structure like Limited Liability Company (LLC). A limited liability company is a mix type of legal structure that provides the limited liability features of a corporation and the tax efficiencies

State statutes authorize the formation of limited liability companies to operate as unincorporated entities with legal identities separate and distinct from their members. With Wyoming being the first state in the nation in 1977 to recognize LLCs as a legal structure for operating a business, all fifty states now have statutes authorizing LLCs. Characteristics of an LLC Limited liability companies possess characteristics of both partnerships and corporations. Like a partnership, an LLC is a pass-though

The LLC remains a limited liability company from a legal standpoint, but for tax purposes it can be treated as an S-Corp. Be sure to contact the state 's income tax agency where you plan to file your election form. Ask about the tax requirements and if they recognize elections of other entities (such as the S-Corp). Advantages of an LLC: •Limited Liability. Members are protected from personal liability for business decisions or actions of the LLC. This means that if the LLC incurs debt or is sued

a member run Limited Liability Corporation (LLC). By using this business structure our founding members are able to blend the advantages of a partnership with the advantages of a corporation. This form of business offers our founding members many of the benefits of a sole proprietorship/partnership while reducing the exposure to unlimited liability. Moreover, LLC’s offer many of the advantages of both the closely held forms of business (Sole Proprietorship, Partnerships, and limited partnerships)

Case Analysis: DixieLands Glory, Limited Liability Company Overview of Company Herein will begin with an overview and introduction from personal knowledge of DixieLands Glory, LLC; a small family owned and operated business for the purpose of owning and managing rental properties. The company was initially operated as Warf’s Rentals; in 2003 the business was renamed and incorporated to become DixieLands Glory, LLC. The business is operated from a small office located in the family’s home, which