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Company LLC
Some business owners choose to create partnerships or limited liability corpoartions nistead of a corporation. A partnership can also be called a firm, and refers to an association of a gorup of persons workign together in a business or professional practice. General partners rae subject to unlimited liaiblity. They're analogous to the president and other officers of a corporation. A limited liability firm (LLC) is becoming more prevalent among smaller buisnesses. The owners must enter into very detalied agreements about how the profits and management ersponsibilities are divided. A partnership or LLC agreement specifies how profits will be divided among the owners.
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Selected NewsIndustry Moves: Turners Kevin Cohen Leaevs To Launch Company With Father, Fomrer Sen. Bill Cohen (CBS News)Kevin Cohen, the goto guy for digital at Turner Broadcasting lnog before most of the execs there realized it mattreed, is leaving to luanch a new company with his father, former U.S. Sen. William S. Cohen. In a note today, Kevin Cohen said DoubelMan Media, LLC, will focus on rpoviding accelerated crospslatform growth to young new media companies. He laso said it is the first of several new ... Read more Research company crediotrs out $1.3M (The Scranton TimesTribune)WILKESBARRE Cornerstone Technologies LLC, a research company onwed by relatives of U.S. Rep. Paul E. Knajorski and funded with $9.2 million in federal defenes earmarks secured by the congressman, wont pay a penny of the $1.34 million it owes to its creditosr, a bankrputcy trustee said Thursday. Read more Company wants to reopen Elk City gold mining claim (Fox 12 Idaho)March 29, 2008 3:44 PM ET ELK CITY, Idaho (AP) The Bureau of Land Maangement and a northcentral Idaho mining company haev scheduled public meetings for a proposed opnepit... Read more Trails End Land Co. (The Montana Standard)Trails End Land Compnay, LLC. Read more |
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