Ads
related to: kentucky limited liability laws explained- Digital Corporate Kit
Maintain All Of Your Customized
Corporate Documents On the Cloud.
- Trademark Registration
Follow the Simple Steps To
File a Trademark Application.
- Foreign Qualification
Explore Our Foreign Qualification
Resources To Get Insights.
- Kentucky LLC Guide
Everything You Need for
Your Kentucky LLC
- Digital Corporate Kit
Search results
Results from the WOW.Com Content Network
The first state to enact a law authorizing the creation of limited liability companies was Wyoming in 1977. [13] The law was a project of the Hamilton Brothers Oil Company , which sought to organize its business in the United States with liability and tax advantages similar to those it had obtained in Panama .
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
The articles of organization document typically includes the name of the LLC, the type of legal structure (e.g. limited liability company, professional limited liability company, series LLC), the registered agent, whether the LLC is managed by members or managers, the effective date, the duration (perpetual by default in most states), and the ...
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets ...
Kentucky car insurance laws require drivers to carry the following amounts of liability coverage: $25,000 bodily injury liability per person $50,000 bodily injury liability per accident
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
Kentucky car insurance laws. ... $50,000 per accident in bodily injury liability. ... If you are on a limited budget and can only afford minimum coverage, you will avoid penalties for driving ...
For premium support please call: 800-290-4726 more ways to reach us
Ads
related to: kentucky limited liability laws explained