Ruling Confirms Limited Liability Companies Value as a Business Form

By |2021-01-28T20:58:21-06:00April 22nd, 2014|Business Law, Business Structure|

A recent ruling confirms Limited Liability Companies value as a business form. In a recent decision by the Illinois first District Appellate Court, it was affirmed that the sole member of a Limited Liability Company (“the LLC”) could not be held personally liable for fraud while acting as managing member of the LLC.  In Dass [...]