Common stock represents ownership in a company, not a direct asset or liability. Issuing common stock raises funds for a company without needing repayment like a loan. Common stock equity ...

A limited liability company, or LLC, houses the assets of a business. This legal structure can protect your personal assets from being seized by business creditors. In other words, your home ...

The papers contained in this volume were presented at a conference entitled "Sovereign Assets and Liabilities Management" hosted by the International Monetary Fund and the Hong Kong Monetary Authority ...

Editor’s note: This is part 13 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

Following the winding up of an LLC, the liquidated assets must be distributed. Section 704 of the Limited Liability Company Law sets forth a specific “pecking order” in which the proceeds of ...