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

Fictional depiction of the creation of the Wyoming LLC by Wyoming lawmakers.

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 … Read more