{"id":5601,"date":"2015-11-11T20:46:19","date_gmt":"2015-11-12T01:46:19","guid":{"rendered":"http:\/\/localhost:10028\/practiceareas\/limited-liability-companies\/"},"modified":"2022-06-21T16:53:49","modified_gmt":"2022-06-21T20:53:49","slug":"limited-liability-companies","status":"publish","type":"practiceareas","link":"https:\/\/www.napolilaw.com\/practice-areas\/limited-liability-companies\/","title":{"rendered":"Limited Liability Companies"},"content":{"rendered":"<p>The hallmark of all Limited Liability Companies is their hybrid legal structure.\u00a0 An LLC enjoys the liability shield of a corporation, and the tax advantages and other flexibilities traditionally available only to partnerships.\u00a0 Similar to a corporate entity, LLCs may be managed by members or non-members in the LLC.\u00a0 LLC managers have fiduciary duties that mirror directors\u2019 and officers\u2019 duties in a corporate structure, and members of an LLC owe each other duties of loyalty and care.\u00a0 Generally, neither members, managers, nor agents of an LLC are subject to any debts, obligations or liabilities of the LLC or each other, whether arising in tort, contract, or otherwise.\u00a0 While the liability limitation afforded to all LLC members and managers is broad, it is not absolute.\u00a0 There are particular claims that a third party can assert against LLC members or managers in their individual capacities, <em>e.g.<\/em>, where members or managers participate in a tort in furtherance of the company\u2019s business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hallmark of all Limited Liability Companies is their hybrid legal structure.\u00a0 An LLC enjoys the liability shield of a corporation, and the tax advantages and other flexibilities traditionally available&#8230;<\/p>\n","protected":false},"featured_media":0,"menu_order":231,"template":"","practiceareas_category":[747],"class_list":["post-5601","practiceareas","type-practiceareas","status-publish","hentry","practiceareas_category-business-litigation"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.napolilaw.com\/wp-json\/wp\/v2\/practiceareas\/5601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.napolilaw.com\/wp-json\/wp\/v2\/practiceareas"}],"about":[{"href":"https:\/\/www.napolilaw.com\/wp-json\/wp\/v2\/types\/practiceareas"}],"version-history":[{"count":0,"href":"https:\/\/www.napolilaw.com\/wp-json\/wp\/v2\/practiceareas\/5601\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.napolilaw.com\/wp-json\/wp\/v2\/media?parent=5601"}],"wp:term":[{"taxonomy":"practiceareas_category","embeddable":true,"href":"https:\/\/www.napolilaw.com\/wp-json\/wp\/v2\/practiceareas_category?post=5601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}