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(Revised from original 1998 version)
Limited Liability Companies
As of early 1998, virtually all U.S. states had adopted legislation permitting the organization of limited liability companies. This note describes this new type of entity and the reason why it has become so popular.
Keywords: Business Organization;
Reiling, Henry B. "Limited Liability Companies." Harvard Business School Background Note 298-097, August 2010. (Revised from original January 1998 version.)