Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations
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Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations

Edited by Robert W. Hillman and Mark J. Loewenstein

Presenting alternatives to the corporate form of organization, the Handbook explores partnerships, LLCs, business trusts and other alternatives. Specially commissioned chapters by leading scholars in the field examine issues such as: fiduciary duties, agency principles, contractual freedom, tax treatment, the special circumstances of law firms, and dissolution. While much of the emphasis is on US law, a number of chapters include treatments of Japan, the UK, Russia, China, Taiwan, India and Brazil.
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Chapter 7: Is the liability of limited liability entities really limited?

Allan G. Donn

Extract

7. Is the liability of limited liability entities really limited?* Allan G. Donn If you come to grief, and creditors are craving (For nothing that is planned by mortal head Is certain in this Vale of Sorrow—saving That one’s Liability is Limited)1...

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