Tax Aspects of Limited Liability Companies
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Authors
Vitek, Joseph C.
Issue Date
1994
Volume
27
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|Limited liability companies ("LLCs") are recent statutorily made business entities that combine the coveted corporation characteristic of limited liability for all investors (called Members) with the income flow-through attributes of partnerships. Before 1990, only Wyoming and Florida had adopted Limited Liability Company Acts. In 1990, Kansas and Colorado also adopted LLCs; since 1990, other states have followed suit. Still other states have proposed or are interested in considering such enabling legislation...
Description
Citation
27 Creighton L. Rev. 191 (1993-1994)
Publisher
Creighton University School of Law