limited liability corporation
See limited-liability company under COMPANY.
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Search Results for: limited-liability corporation
limited liability corporation
limited-liability corporation. See limited-liability company under COMPANY.
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limited liability company
A company — statutorily authorized in certain states — that is characterized by limited liability, management by members or managers, and limitations on ownership transfer. — Abbr. L.L.C. — Also termed limited-liability corporation. [Cases: Corporations 3. C.J.S. Corporations §§ 5–7, 62.]
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law firm
An association of lawyers who practice law together, usu. sharing clients and profits, in a business organized traditionally as a partnership but often today as either a professional corporation or a limited-liability company. • Many law firms have a hierarchical structure in which the partners (or shareholders) supervise junior lawyers known as “associates,” who are
law firm
law firm. An association of lawyers who practice law together, usu. sharing clients and profits, in a business organized traditionally as a partnership but often today as either a professional corporation or a limited-liability company. • Many law firms have a hierarchical structure in which the partners (or shareholders) supervise junior lawyers known as “associates,”
business enterprises
business enterprises. The field of law dealing with various forms of business, such as corporations, limited-liability companies, and partnerships. — Also termed business entities; business associations; enterprise organizations.
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