Limited Liability Company--An Alternative Business Organization

Limited Liability Companies is a new business organization that · combines the taxation of a partnership with the limited liability of a corporation; · can facilitate the transfer of property ownership from one organization to another; · offers an alternative for businesses involved in environmentally sensitive activities; · must meet the same requirements as North Dakota farm corporations if the company engages in farming or ranching in the state; · may not provide much opportunity to reduce self-employment tax; and · will not change lenders' expectations that owners personally guarantee the repayment of the business' loans.


Issue Date:
1994-03
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/51164
Total Pages:
8
Series Statement:
Agricultural Economics Miscellaneous Report
172




 Record created 2017-04-01, last modified 2017-08-25

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