Talk:Limited liability company
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[edit] Limited liability company is not hyphenated!
Uniform Partnership Act (UPA) § 306(c) states "An obligation of a partnership incurred while the partnership is a limited liability partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or so acting as a partner."
[edit] 1977 or 1978?
From the article: "and the first statute adopted in Wyoming in 1978"
From the "How to Form an LLC" link at the bottom (http://www.formation-llc.com/): "The first state to create a LLC statute was Wyoming in 1977."
Which is correct? Kurt 05:33, 3 May 2006 (UTC)
Maybe the law was passed in 1977 and became effective in 1978. Just a guess. 1Winston 12:55, 1 June 2006 (UTC)
The limited company does not originate from Germany - it was established in Rome, awarded as a favour from the emperor (and so was rare).
Fintan 22:45, 31 May 2006 (UTC)
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- In addition, the LLC does not equal the German GmbH, which is more like the corporation. There is no matching counterpart for the LLC in German law.--212.121.144.106 09:50, 14 June 2006 (UTC)
In the United Kingdom, Ireland, Australia and many other countries, Limited Companies are corporations - just like Limited Companies (corporations not 'LLC's) incorporated in Texas are corporate (and can choose to use 'Ltd.' or 'Inc.' in their name).
The United Kingdom 'LLP' (Limited Liability Partnership) "entity" is comparable to the United States 'LLC' (Limited Liability Company).
Note that in the United Kingdom, an 'LLP' (Limited Liability Partnership) is NOT the same as a Limited Partnership (LP)!
In the same way that an 'LLC' (Limited Liability Company) is NOT the same as a Limited Company.
-- MrKris - 9th July 2006
Since the article now includes info on the UK and Ireland, isn't the representation of the worldwide view fulfiled? Or is there another reason for that tag to stay there?
Given that LLC is strictly an american term, shouldn't UK/Ireland get their own article LLP? I can't see the point for this article to present a "worldwide view" of a topic that is inherently specific, except to provide a link to the LLP article (possibly in the form of a disambig link). -- Toksyuryel talk | contrib 
01:47, 2 August 2006 (UTC)
No merge 69.109.161.247 03:56, 20 September 2006 (UTC)
[edit] Do not merge
This discusses legal forms of organization in Britain. The concepts and names are different in Britain from the US.
If you must merge do not title it Limited Liability Company; but , use a title of like International Legal Forms of Business Organizations. Have separate sections for US, Britain, ect. .
[edit] Links
What is up with the constantly changing external links? Is there that much competition over LLC FAQ's? —The preceding unsigned comment was added by 70.156.185.211 (talk)
- I agree it's become a bit silly. Could the editors who are changing the links please explain why they believe the link they champion is better so we can reach a consensus. Thanks --Siobhan Hansa 03:44, 17 November 2006 (UTC)
- What I'd like to know is why various editors (mostly anonymous IPs, but also User:Rweston42) are deleting the links. I added Nolo's link, but I'm hardly passionate about it being there. For what it's worth, two of the IPs' sole contributions were to this article. Shrug. --moof 04:12, 17 November 2006 (UTC)
Pretty obvious someone is promoting their own site under the How to Form an LLC link - keeps replacing the link to Nolo with their own. 1 of Wikipedia's flaws. —The preceding unsigned comment was added by 70.34.235.171 (talk)
- I had originally thought that but when I looked through the history the evidence also supported the case of an infrequent editor promoting the site because they thought it a good resource (it's also quite possible for good editors to edit under IP addresses that change). Given that the nolo site is at least as commercial as the How-to-form site, it's not inconceivable that an editor who doesn't edit much might think someone else was just pushing nolo sites when the "perfectly good" link s/he put in appeared to be replaced by nolo whenever they came back. If they didn't like the nolo site, they might make the change even though they weren't connected.
- In an attempt to both assume good faith and improve the article it seems like it would be more constructive to discuss which of the links improve the article the most. Reading through the two, the nolo site has a good reputation and seems a bit more general, but the how-to-form seems to have more comprehensive information available on the web-site. This may be because they aren't as general. It would be good if someone with a solid understanding of the legal situation in several states could comment on how good each site is from a national perspective (I'm assuming there's no point in looking for a site that covers these sorts of legal partnerships in this sort of way from an international perspective). --Siobhan Hansa 04:30, 20 November 2006 (UTC)
Agreed I could be wrong, but the vigilence with with this user(s) keeps changing the link back, and the fact that she/he/it is also deleting the Nolo link instead of adding a link, and leaving the Nolo one(s) - which I further agree are commercial, just as the link added is (nothing is sold on the site, but it appears most likely to be a Google ads money generating site [and it also contains some inaccuracies]). The Nolo one seems preferable at this time. Also, LLCs are not partnerships, and you are correct, there is no point in looking for international law, or even national law except as it relates to the IRS, as LLC's are creatures of state statute. —The preceding unsigned comment was added by 76.172.186.55 (talk • contribs).
