Limited Liability Company--An Alternative Business Organization

Tracy L. Kolb, Jon E. Strinden and David M. Saxowsky

No 51164, Agricultural Economics Miscellaneous Reports from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Limited Liability Companies is a new business organization that · combines the taxation of a partnership with the limited liability of a corporation; · can facilitate the transfer of property ownership from one organization to another; · offers an alternative for businesses involved in environmentally sensitive activities; · must meet the same requirements as North Dakota farm corporations if the company engages in farming or ranching in the state; · may not provide much opportunity to reduce self-employment tax; and · will not change lenders' expectations that owners personally guarantee the repayment of the business' loans.

Keywords: Financial Economics; Industrial Organization (search for similar items in EconPapers)
Pages: 8
Date: 1994-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddmrs:51164

DOI: 10.22004/ag.econ.51164

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