(1) A limited liability company is an entity distinct from its members.(2) A limited liability company may have any lawful purpose, regardless of whether the company is a for-profit company.(3) A limited liability company has an indefinite duration.
(1) A limited liability company is an entity distinct from its members.
(2) A limited liability company may have any lawful purpose, regardless of whether the company is a for-profit company.
(3) A limited liability company has an indefinite duration.