Limited liability companies are a popular form of legal organization. Limited liability companies allow for flexible management and ownership structures. Even with taxes they support pass through and corporate taxation status at the election of the founders. There are primarily two flavors of limited liability companies (LLCs): member-managed and manager-managed. You can easily manage LLCs with Lextree.
Partnerships are one of the oldest forms of legal organization. Modern partnerships confer tax advantages and impose
liability risks. Individual partners can become joint and severally liable for the activities of all the partners.
This means that each individual partner stands to lose far more than they expect from their investment. Most
jurisdictions, however, also provide a favorable pass through tax status for partners and partnerships. Managing
partnership risks and responsibilities is an important benefit of Lextree.
Contract management seems like a daunting undertaking when faced with scattered files and missing spreadsheets. The financial benefits of contract management are worth the effort. This article provides a roadmap to get your organization from messy to managed.
Legal risk is one of the most difficult kinds of risk for organizations to
measure and manage. This article explains how to define and classify legal risk so that organizations can develop an
effective risk management strategy.