Sentences with phrase «create unlimited liability»

Regardless of whether the manager of the LLC is an individual member or an outside party the LLC does not create unlimited liability exposure for the manager.

Not exact matches

But a loophole allows companies to create unlimited amounts of limited liability corporations known as LLCs that can each give up to $ 150,000 in campaign donations.

The commission also recommended closing loopholes, like unlimited donations by Limited Liability Companies, and creating a new independent agency to actually enforce campaign finance laws.

By creating limited liability companies, a corporate or individual donor can give an unlimited amount.

The BOE issued a ruling that allowed limited liability corporations, or LLCs, to be treated as individual donors and individuals to donate unlimited funds to candidates for state - level offices by creating multiple LLCs.

Good government groups see the pension forfeiture measure as a token reform and have pressed for the closing of the «LLC loophole» that allows businesses to create multiple limited liability companies to donate virtually unlimited amounts of campaign cash; public financing of candidate campaigns; the end of lump sum appropriations in the budget; limits on political contributions by companies with business before the state; limits on legislators» outside income; and a renovation of Albany's ethics watchdog, the Joint Commission on Public Ethics (JCOPE).

Further, recognition of a duty of care in this case would not create a spectre of unlimited liability to an unlimited class of claimants or result in undue hardship to the appellant.

• Nova Scotia's companies» legislation allows for the use of unlimited liability companies, which creates a number of opportunities to assist in dynamic cross-border transactions and other tax planning matters.