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04-12-2008, 07:41 PM
Browse any introductory textbook on Economics or Corporate Finance and you will find a section that discusses three legal structures, Sole Proprietorships, Partnerships, and Corporations, under which businesses typically operate. These introductory textbooks however, often exclude a fourth, more recent structure, the Limited Liability Company or, abbreviated, the LLC.

Posted on Wed, 09 Apr 2008 16:59:43 -0500 at http://ezinearticles.com/?Making-Sense-o...id=1094991
Legal > My Category > Corporations LLC > Making Sense of a Limited Liability Company's Operating Agreement
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