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Corporate officers are selected and removed by shareholders.

Rita and Susan want to form and do business as Trips & Travel, Inc. They will serve as the firm’s directors and officers, and will initially hold all of the stock in the company. A corporation is owned by

The members of a limited liability company have unlimited liability for any loss or injury caused by the wrongful acts or omissions of the firm.

The members of a limited liability company have unlimited liability for any loss or injury caused by the wrongful acts or omissions of the firm.

Limited liability companies (LLCs) are governed by federal LLC statutes.

Home Healthcare, LLC’s owners are Inez and Jan. For purposes of entering into contracts, Home Healthcare is

Normally, a member who dissociates from a limited liability company (LLC) has the right to force the LLC to dissolve.

Limited liability companies (LLCs) are governed by federal LLC statutes.

Some states require the termination of a franchise when there is no “good cause” for it to continue.

Normally, a member who dissociates from a limited liability company (LLC) has the right to force the LLC to dissolve.