Sentences with phrase «liability corporations known»

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.

Not exact matches

Laws and procedures vary by state but consider taking the time to convert to an LLC, also known as a limited liability corporation.

Known as the limited - liability company (LLC), this structure offers the best of all corporate worlds for many new businesses: personal - asset protection (normally available only to shareholders of C corporations), elimination of corporate - level taxes (a benefit normally reserved for partners or S - corporation owners), and flexible ownership rules (which S corporations in particular lack).

D. (1) No license shall be issued unless the commissioner, upon investigation, finds that the financial responsibility, character, and fitness o f the applicant, its owners, its partners if the applicant is a partnership, its members if the applicant is a limited liability company, and its officers and directors if the applicant is a corporation, are such as to warrant a belief that the business will be conducted honestly and fairly within the purposes of this Part.

Notable mandates: Acting for the Government of Newfoundland and Labrador regarding the development and financing of the Muskrat Falls Hydroelectric Project, also known as the «Lower Churchill Project»; acting for the Government of Newfoundland and Labrador concerning the development and operation of the Hebron offshore oilfield project and the Hibernia South oilfield expansion project; acting for developers and placing financing on new hotel developments in downtown St. John's; defending class action claims involving product liability and taxation issues at a certification hearing and a common issues trial and appeal; acting for mining corporations involved in large - scale mine development projects in Labrador

You will have developed a lot of experience by the time you get to this step, so you may already know whether you want to be a Sole Proprietorship, Partnership, Corporation (S or C), or a Limited Liability Company.

In March 2004, Parliament passed Bill C - 45, also known as the Westray Bill, imposing criminal liability on corporations and executives that fail to ensure a safe workplace.

He likened this to the nature of the duty of care assumed by a valuer in entering into a valuation contract, specifically whether the duty extended to liability for a fall in value of the property market following a negligent valuation: his well - known judgment in South Australia Asset Management Corporation v York Montague Limited [1997] AC 191, [1996] 3 All ER 365.

Pierce the veil: A court no longer affords a shareholder of a corporation the protection of limited liability when the corporation has neglected corporate formalities and intermingled assets between the shareholder and the corporation.