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Fordham Law Review Volume 36 Issue 2Article 41967With Limited Liability For All: Why Not a Partnership Corporation? Robert A. KesslerRecommended Citation Robert A. Kessler, With Limited Liability
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What is with limited liability for?
Limited liability is a legal status where the liability of the owners or shareholders of a company is limited to the amount of their investment in the company. This means that the personal assets of the owners are not at risk in case of business debts or lawsuits.
Who is required to file with limited liability for?
Companies and businesses that wish to operate with limited liability must file the necessary paperwork with the appropriate government authorities to establish this legal status.
How to fill out with limited liability for?
To establish limited liability for a company, owners or shareholders typically need to file articles of incorporation or organization with the state where the company is registered. This paperwork outlines the structure of the company and the limited liability protections.
What is the purpose of with limited liability for?
The purpose of limited liability is to protect the personal assets of the owners or shareholders of a company from being used to satisfy business debts or legal claims.
What information must be reported on with limited liability for?
The paperwork filed for limited liability typically includes information about the company's ownership structure, business activities, and registered address.
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