A form of business organization with the liability-shield advantages ... Many states allow a business form called the limited liability company (LLC). The LLC arose from business owners' desire ...

Complete an operating agreement. File an annual report every year. The first LLC was created in 1977. It was named the Wyoming Limited Liability Company (LLC). In 1988, the Internal Revenue ...

It handled the legal fees issue in a way that is, actually, quite common in partnership agreements and limited liability company agreements. The agreement required each partner to “indemnify” ...