ABA Section of Business Law
eSource
LLC or Not LLC - What Should be the Question: Consequences of Entity Choice.
- This program featured a scenario based discussion regarding multiple business formation circumstances, such as start-ups, acquisitions or mergers. It addressed a) the level of fiduciary responsibility desired or required in the new or resulting entity; b) tax and liability issues that often affect formation decisions, and c) the practical and ethical problems if financial difficulties or bankruptcy ensue.
