Limited Liability Company--An Alternative Business Organization
AbstractLimited Liability Companies is a new business organization that · combines the taxation of a partnership with the limited liability of a corporation; · can facilitate the transfer of property ownership from one organization to another; · offers an alternative for businesses involved in environmentally sensitive activities; · must meet the same requirements as North Dakota farm corporations if the company engages in farming or ranching in the state; · may not provide much opportunity to reduce self-employment tax; and · will not change lenders' expectations that owners personally guarantee the repayment of the business' loans.
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Bibliographic InfoPaper provided by North Dakota State University, Department of Agribusiness and Applied Economics in its series Agricultural Economics Miscellaneous Reports with number 51164.
Date of creation: Mar 1994
Date of revision:
Financial Economics; Industrial Organization;
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