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    Every once in awhile, government passes a law that makes you smile. The creation of the limited liability company constituted just such an act.

    Understanding the Magnificent Limited Liability Company

    There are two primary ways something becomes law. The first is for a legislative body to pass an act that creates or regulates some action by individuals or businesses. The second occurs when a court looks at the actions of the legislative branches and modifies or clarifies the acts pursuant to constitutiona

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    y company constituted just such an act.

    Understanding the Magnificent Limited Liability Company

    There are two primary ways something becomes law. The first is for a legislative body to pass an act that creates or regulates some action by individuals or businesses. The second occurs when a court looks at the actions of the legislative branches and modifies or clarifies the acts pursuant to constitution

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    There are two primary ways something becomes law. The first is for a legislative body to pass an act that creates or regulates some action by individuals or businesses. The second occurs when a court looks at the actions of the legislative branches and modifies or clarifies the acts pursuant to constitution

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    that creates or regulates some action by individuals or businesses. The second occurs when a court looks at the actions of the legislative branches and modifies or clarifies the acts pursuant to constitution
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    s at the actions of the legislative branches and modifies or clarifies the acts pursuant to constitutional issues. In the case of the limited liability company, the act was pure legislative genius.

    In 1977, the legislature for the State of Wyoming took a novel step. For the first time in a very long while, it created a new business entity. The goal was to create a business entity for small businesses that provided the protection of a corporation without much for the record keeping. Up to that time, there reall

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