Business Entities, Laws, And Regulations
Submitted by mybstfrndisme on January 29, 2012
- Category: Business
- Words: 245
- Pages: 1
- Views: 33
- Popularity Rank: 4690
Business Entities, Laws, And Regulations
Business Entities are operated under strict legal guidelines. Since Frank wants to invest in this chain of businesses, he would have mostly a financial interest in the companies. The business entity that would represent the best choice for this investor would be a Limited Liability Company (LLC) or Limited Liability Limited Partnership (LLLP). An LLC company shares corporate and partnership features. All parties control the shares and their level of liability is dependent on the level of their investment. “A limited liability company is an unincorporated business entity that combines the most favorable attributes of general partnerships, limited partnerships, and corporations. In...
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