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Business Associations

Limited Liability Companies

Limited Liability Companies

Learn about the benefits of the LLC structure, the requirements for formation, the rights and powers of LLC members, transferability of member interests, and the mechanics of dissociation and dissolution.


Hello and welcome to our clip on limited liability companies!

In this clip, we’ll discuss limited liability companies, or LLCs. We’ll go over the benefits of the LLC structure, including limited liability, flexibility, and tax advantages. Then, we’ll discuss the requirements for forming an LLC; the rights and powers of an LLCs members; and the transferability of member interests in LLCs. Finally, we’ll finish up with a discussion of dissociation and dissolution. By the time we’re done, you...