Generally, each state limits the liability of partners in a limited liability partnership in some way.

The courts have tended to regard a limited liability company as a citizen of every state of which its members are citizens.

​Lee wants to go into the business of architectural design. Among the reasons that might convince Lee to set up his business as a sole proprietorship would be

Franchise agreements typically limit the franchisee’s ability to sell the franchise to another party.

Generally, each state limits the liability of partners in a limited liability partnership in some way.

Beth and Connie do business as Diamond Investments. In acting on the firm’s behalf, Beth makes an honest error in overestimating the value of a particular stock purchase. To her firm, Beth is

When a limited liability company is dissolved, any member, including those who wrongfully dissociated, may participate in the winding up process.

To form a limited liability company, articles of organization must be filed with the federal Small Business Administration.

Beth and Connie do business as Diamond Investments. In acting on the firm’s behalf, Beth makes an honest error in overestimating the value of a particular stock purchase. To her firm, Beth is

A corporation is not liable for the misconduct of its agents, officers, or employees.