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In addition to meeting IRS Treasury Regs.Sec.53.4944-3(a), many states require the label "L3C" or "low-profit limited liability company" to appear in the name of the organization. Each state may have state-specific requirements that govern L3C formation. [citation needed]
The limited liability company has grown to become one of the most prevalent business forms in the United States. Even the use of a single member LLC affords greater protection for the assets of the member, as compared to operating as an unincorporated entity. [19]
James Dole's Hawaiian Pineapple Company was a supplier of Castle & Cooke since 1906, and Castle & Cooke had been selling Dole branded bananas since 1927. [11] David H. Murdock bought the company in 1985 and in 1991 renamed Castle & Cooke to the Dole Food Company. Murdock split the two companies into two separate companies, Dole plc and Castle ...
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A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
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