"Liability corporations" refers to a type of legal business structure where the owners or shareholders have limited personal liability for the company's debts or legal issues. This means that their personal assets are generally protected from being used to pay off the company's debts.
Full definition
Some reform proposals that have come forward are to strip pensions of officials convicted of corruption, establishing an ethics commission and preventing
limited liability corporations from donating anonymously to campaigns.
By a narrower margin, a majority supported closing the limited
liability corporation loophole that allows some companies and individuals to give unlimited campaign contributions.
According to campaign disclosure reports the Erie County GOP received five separate contributions of $ 20,000 each in 2012 from Limited
Liability Corporations with the same address as New York City real estate company Glenwood Management.
The loophole allows multiple limited
liability corporations owned by the same person to donate to candidates, thereby skirting regulations that cap donations from individuals at a certain amount per election cycle.
Her Emerson Collective is a limited -
liability corporation rather than a non-profit, so she and her colleagues can invest in start - ups, mostly education - related, without inviting public scrutiny of their numbers.
A report released on Wednesday by state lawmakers tallied the top limited
liability corporation givers to political campaigns, finding they range from top real - estate companies to high - powered law firms.
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 Assembly voted to close the LLC loophole in campaign finance laws, cap contributions by limited
liability corporations at $ 5,000 and require them to identify the individuals who make the donations in the LLC's name, and limit lawmakers» outside income to 40 percent of the annual salary of state Supreme Court justices.
In June 2014, NCDOT and I - 77 Mobility Partners, a limited
liability corporation created by Cintra specifically for the I - 77 Express Lanes project, signed a Comprehensive Agreement for the delivery of the I - 77 Express Lanes project.
Although the decision raises numerous questions that can only be resolved by future cases, such as the appropriate venue rules for foreign corporation and limited
liability corporation defendants, the TC Heartland decision is sure to be a watershed event that will shape patent litigation practice for many years.
Columbia Development, its principals and affiliated limited
liability corporations donated about $ 200,000 to Andrew Cuomo's campaign in the two years before Fuller Road Management considered its bid.
Meara said that on the call, Silver mentioned new disclosure regulations set to take effect for lawmakers, said the rules would mean «certain fees from certain people» and then asked Meara if he represented any of the limited -
liability corporations under which Glenwood ran its individual properties.
More specifically, Schneiderman is calling for higher contribution limits, the closing of a limited
liability corporation loophole which he says «allows wealthy interests to funnel limitless amounts to campaigns,» as well as for the elimination of the housekeeping committees used by the state's political parties.
But on Nov. 15, a new resolution to sell 22 Hammond for $ 60,000 to Johnnick LLC, a limited
liability corporation with the same address and contact information as Graziano's lobbying firm Capitol Hill Management Services, was introduced to the Audit & Finance Committee.
It's tiring to hear the governor say that «you can only live within the system that exists» while he rakes in campaign cash that comes overwhelmingly in donations of $ 10,000 or more and takes advantage of a loophole that treats
limited liability corporations as individuals when they make campaign contributions, even if they're controlled by one individual.
Whatever your reasoning, you're likely contemplating a choice that many entrepreneurs face: Should your enterprise be structured as a limited
liability corporation (LLC) or an S corporation (S corp), which is named after subsection S of Chapter 1 of the Internal Revenue Code?
Limited
Liability Corporations (or LLCs) are very attractive to the early stage startup.
Here's how to decide whether to incorporate your business as a limited
liability corporation or an S corporation.
Instead, most American firms are structured as pass - through entities, such as S - corporations, partnerships and limited
liability corporations (LLCs).
Over seventy percent of U.S. companies are structured as pass - through entities, such as S - corporations and limited
liability corporations (LLCs).
Brewster divided his company into five limited -
liability corporations, surrounding each of five account managers with one to three testing teams each.
Determine the best legal structure for the business, such as partnership, limited
liability corporation or a sole proprietorship.
For Limited
Liability Corporations, you'll have to swap stocks according to your LLC operating agreement, but you won't necessarily need to update incorporation paperwork.
Many small businesses operate as limited
liability corporations, sole proprietorships, and S corporations, which are all pass - through entities.
Your industry and your future plans will impact the kind of business entity you should form (i.e., C corporation, limited
liability corporation, S corporation, etc..)
Mylan says in its last two annual reports that its holdings are equity method investments in five limited
liability corporations that own refined coal production plants, but does not name them.
The issue for Johnson is the benefits for multinational corporations relative to those for pass - through entities, such as limited -
liability corporations and S - corporations.
There are many reasons to use a Limited
Liability Corporation (LLC) for your startup, and here are five of the best.
Laws and procedures vary by state but consider taking the time to convert to an LLC, also known as a limited
liability corporation.
For example, the form shows Mr. Kushner is retaining a stake in a limited
liability corporation that owns a Trump - branded luxury rental high - rise building in Jersey City worth as much as $ 5 million.
The Koch brothers» Georgia - Pacific subsidiary, maker of Dixie cups, Angel Soft toilet paper, lumber and cardboard packaging, is a limited
liability corporation that would be allowed to use the lower rate.
Becoming a partner in a limited
liability corporation (LLC) is another way to enjoy the benefits of a passive income.
For more, see The Basics of Forming a Limited
Liability Corporation.
Set up an account for an organization — including corporations, partnerships, limited
liability corporations, and sole proprietorships; endowments and foundations; estates; professional associations; or unincorporated enterprises.
You can choose instead to register your business in the US as a limited
liability corporation, or LLC.
Phrases with «liability corporations»