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There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
Sands Anderson PC is a United States law firm in Richmond, Virginia.It was founded in 1842 and now has nearly 80 attorneys [1] in five offices: Richmond, Christiansburg, Fredericksburg, and Williamsburg in Virginia; and Durham, North Carolina. [2]
The first state to enact a law authorizing the creation of limited liability companies was Wyoming in 1977. [13] The law was a project of the Hamilton Brothers Oil Company, which sought to organize its business in the United States with liability and tax advantages similar to those it had obtained in Panama. [14]
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WW Cook, A treatise on the law of corporations having a capital stock (7th edn Little, Brown and Co 1913) vol I; WO Douglas and CM Shanks, Cases and Materials on the Law of Management of Business Units (Callaghan 1931) Robert C. Clark, Corporate Law (Aspen 1986) A Cox, DC Bok, RA Gorman and MW Finkin, Labor Law Cases and Materials (14th edn 2006)
Williams Mullen is a regionally based, full-service law firm with more than 240 attorneys in offices across North Carolina, South Carolina and Virginia. The firm began in 1909. Williams Mullen is the third largest firm in Virginia based on attorney headcount according to Virginia Business magazine. [3]
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