There is no such thing as a Limited Liability Corporation

There is no such thing as a Limited Liability Corporation.  Sure, corporations to an extent enjoy limited liability, but that does not make them limited liability corporations -- corporations are just corporations.  The LLC designation actually stands for limited liability company, i.e. the LLC, and confusing company with corporation is legally incorrect. This may seem rather self-evident, but I get alerts from Google Scholar every time a judicial opinion, or order, uses the words "limited liability corporation," and I am alerted nearly every single day with multiple examples. In fairness to the court, however, most of the time (but not always!) [...]

By |February 20th, 2019|Categories: Asset Protection|Tags: , , , |
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