Section 704 of the Limited Liability Company Law sets forth a specific “pecking order” in which the proceeds of the liquidated assets are to be distributed.

Understanding a Limited Liability Partnership (LLP) To understand an LLP, it is best to start with the general partnership.A general partnership is a for-profit entity that is created by a mutual ...

On Friday, the University of Kentucky's board of trustees approved a proposal to transform the athletic department into a limited liability company called Champions Blue, LLC. The move represents ...

What is a limited company? The company structure you choose will impact your legal obligations, liability protection, tax liabilities, and ability to raise capital. So, before you decide to start your ...