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Posts Tagged elements of an llc

Limited Liability

This is the fourth and final article on the corporate elements you choose from when setting up an LLC.  The four are centralized management, continuity of life, transferability, and limited liability.  Here we will be talking about the most important of these, limited liability. Limited liability is […]

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This is the third article in a series about the four elements (limited liability, continuity of life, centralized management, and transferability) that you can choose from in setting up an LLC. When you set up an LLC, you can theoretically only choose two of the four. Transferability refers […]

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Continuity of Life

This article is the second in a series that talks about the four elements required in order to legally have a corporation.  Only two of them can be chosen for an LLC.  These four are limited liability (the corporate shield), centralized management, transferability, and continuity of life.  Here […]

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Centralized Management

Centralized management is one of the four possible elements required to form a corporation. In an LLC, however, only two of the four elements can be used. Basically, you can think of an LLC as a flawed corporation, because it should have only two of the four […]

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