Publication Date

1991

Abstract

This article reflects the thinking of business and tax lawyers at the dawn of the development of limited liability companies It provides a thorough discussion of the few things known and many questions that existed in 1992 when only a handful of states had LLC legislation Many of the questions have now been resolved some by the checkthebox regulations and some by the more recent limited liability company legislation but the article provides useful background in the development of what was to become a predominating business organization

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