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Journal of Cooperatives >
Volume 13, 1998 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/46361
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| Title: | The Impact of LLCs on Cooperatives: Bane, Boon, or Non-Event? |
| Authors: | Frederick, Donald A. |
| Issue Date: | 1998 |
| Abstract: | In recent years, every state has enacted laws enabling businesses to operate in a new
form known as the limited liability company (LLC). Recent changes in the way the
Internal Revenue Service (lRS) treats LLCs for tax purposes has increased their appeal.
Interest in using the LLC model to organize multi-owner businesses is growing so rapidly
that some cooperative champions are wondering if this new kid on the block will
deliver a knockout blow to cooperatives. Others see it as an exciting new tool to further
cooperative enterprise. This article discusses the characteristics of LLCs, provides some
background on their evolution, compares them to other ways of structuring a business,
and looks at the challenges and opportunities they offer rural residents and their cooperatives. |
| URI: | http://purl.umn.edu/46361 |
| Institution/Association: | Journal of Cooperatives>Volume 13, 1998 |
| Total Pages: | 9 |
| From Page: | 44 |
| To Page: | 52 |
| Collections: | Volume 13, 1998
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| Journal of Cooperative 1998-2.pdf -44.pdf | | 423Kb | PDF | View/Open |
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