History of the Limited Liability Company with this parody photo from 1977 by Legal Formation LLC.

The History of the Limited Liability Company: How Wyoming Pioneered the LLC in the United States

The Limited Liability Company (LLC) is the most popular business structure in the United States today, offering business owners a flexible and tax-efficient way to protect their personal assets. Few people realize that the LLC is a relatively recent innovation in American corporate law and that Wyoming was the first state to recognize and establish […]

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