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This bugs me too.

May 07, 2009

Marc Ward:

Why do so many people including the IRS and now the U S Supreme Court continually refer to unincorporated LLCs as "limited liability corporations"? To wit:

" As a part of the scheme, respondents invested in various stock warrants through newly created limited liability corporations (LLCs), which are also respondents in this case."

It's limited liability COMPANY, people! Marc blames Harvard Law School, but plenty of non-Harvard lawyers boggle this too.

Tags: marc ward.

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