Legal Question in Legal Ethics in California

l.l.c.

what is l.l.c. used for


Asked on 6/08/08, 5:58 am

1 Answer from Attorneys
Robert L. Bennett Law offices of Robert L. Bennett

Re: l.l.c.

Limited liability corporation.

For instance...four people put up $100,000 apiece and buy a plane and form an LLC. If the plane damages something, the maximum liability would be 25% per person.

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Answered on 6/12/08, 12:26 pm


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