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A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . [ 1 ]
In 2006, after being acquired by Wolters Kluwer in 2004, Summation Legal Technologies becomes CT Summation joining CT TyMetrix in CT Corporation's Litigation Solutions group. CT has more than 800 employees in 46 cities nationwide. [1] [non-primary source needed] As of 2005, CT Corporation was the largest registered agent service company in the ...
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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
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