A limited liability company, also known as an ‘LLC’ is a type of corporate structure. It is a hybrid structure that combines characteristics of a corporation with those of partnership or sole proprietorship. LLC members cannot be held personally liable for the company’s debts, just like in a corporation, absent fraud, but you get the flow through taxation benefits of a partnership or sole proprietorship- meaning you do not pay taxes at both the corporate and individual levels, just at the individual level.—Loraine Medeiros, Esq., Law Offices of Lorraine M. Medeiros
- Announcing the 2023 Medal of Honor Recipients
- What are the procedures involved in applying for disability and what paperwork will I need?
- Can my employer require me to take time off during my pregnancy?
- Does worker’s compensation cover long-term problems and illnesses? Do I have the right to see my own doctor if I am initially treated by an insurance company doctor?
- Check Out Spring 2023 Edition of Respect, NJSBF’s Diversity & Inclusion Newsletter
- Persecution in China Leads to Uyghur Genocide
- Garden State Highlights Contributions of LGBTQ+ Community with Curriculum Law
- Some Are Critical of New Jersey’s Revised Sex Education Standards
- 65 Years of Making a Difference
- Check Out the Latest Post to the NJSBF’s Civics Blog on the U.S. Supreme Court