N.J. should adopt the Revised Uniform Limited Liability Company Act.
November 16, 2011 at 04:59 PM
1 minute read
The limited liability company, also known as the LLC, is a relatively new form of unincorporated business entity.
Its popularity began to explode in 1997 when the Internal Revenue Service adopted “check the box” regulations under which an unincorporated business entity may choose to be taxed as a partnership or a corporation (special treatment applies to single-member entities).
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