Limited liability companies offer limited liability, one of the best aspects of

Authors

Source

Portland Press Herald

Date

10-18-1994

Pages

1C, 2C

Abstract

Limited liability companies offer limited liability, one of the best aspects of a corporation, and with one level of taxation, one of the best aspects of partnerships. Wyoming was the first state to pass an LLC law, and in 1988 the Internal Revenue Service said it would offers LLCs the same tax treatment as partnerships. Beginning January 1, Maine will offer the limited liability company as an option. Details.

Subjects

Limited liability

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