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Limited Liability Companies

15 January, 2016 - 09:36

LEARNING OBJECTIVES

  1. Understand the history and law governing limited liability companies (LLCs).
  2. Identify the creation and capitalization of an LLC.
  3. Understand control and compensation of a firm.
  4. Recognize liabilities in the LLC form.
  5. Explain the taxation of an LLC.
  6. Identify how LLCs are terminated.