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Limited Liability Company--An Alternative Business Organization

Author

Listed:
  • Kolb, Tracy L.
  • Strinden, Jon E.
  • Saxowsky, David M.

Abstract

Limited 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.

Suggested Citation

  • Kolb, Tracy L. & Strinden, Jon E. & Saxowsky, David M., 1994. "Limited Liability Company--An Alternative Business Organization," Agricultural Economics Miscellaneous Reports 51164, North Dakota State University, Department of Agribusiness and Applied Economics.
  • Handle: RePEc:ags:nddmrs:51164
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    File URL: http://purl.umn.edu/51164
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