Unlike most of the common business entities that exist today, the LLC has a fairly brief history in the United States. Entities such as partnerships, sole proprietorships and corporations have existed since the founding of the country. The LLC, however, has only existed in a recognizable form for roughly thirty-five years. What, then, led to the creation of this new entity? The single most important reason for the creation of the LLC was what has come to be known as “the tax-shield conundrum.”
A true fish story…… Several years ago I was retained by a few lake associations to cure what was “fishy” at their lakes. Have you ever heard of invasive species? An invasive species is a species that is introduced into a new environment, becomes overpopulated, and harms the ecosystem. Examples found in the news lately […]
“Under Article I, Section 5, each house of Congress can set its own rules of proceedings. The larger House, where membership reflects the population of each state, has set rules that limit how long members can speak and that reduce their opportunity to block legislation coming to a vote. The smaller Senate, where all states […]