There are a lot of one member corporations and L.L.C.s. The purpose of these business organizations, other than tax benefits, is to protect the owners from personal liability.
A litigator who has obtained a judgment against an L.L.C. or a corporation and wants to get to the owner for personal liability must usually “pierce the corporate [...]
Published by Rutledge & Yaghmai
Category Archives: Corporate Structure
Does your Corporation or LLC really protect you personal assets? Maybe not.
What coporate structure should you use for your new business?
New business owners wonder what legal form should their business undertake; Inc., LLC, LLP, or GP. There is no simple answer to that question. It depends on the goal of the new business. Is there more than one location? How many people are entering the business together? What are the tax implications for each structure?
The [...]
