Capitol Connection Q&A for Contractors - Week of September 10, 2018
from Abdulaziz, Grossbart & Rudman
Limited liability companies, more commonly referred to as LLCs, are becoming the business structure of choice, especially for developers and property owners. "A limited liability company (LLC) is a hybrid business entity formed under the Corporations Code and consisting of at least two "members" who own membership interests...the company has a legal existence separate from its members. Its form provides members with limited liability to the same extent enjoyed by corporate shareholders."
by John McGill
By Shauna Krause, President, Capitol Services, Inc.