Harvard Enterprise School

Generally, the legal responsibility of the members is limited to their investment they usually might enjoy the pass-through tax therapy afforded to partners in a partnership. As a results of federal tax classification rules, an LLC can obtain each structural flexibility and favorable tax remedy. Nevertheless, persons contemplating forming an LLC are nicely advised to consult competent legal counsel. Dealing…

Harvard Law Faculty

In the 18th century, Adam Smith presented a philosophical foundation for explaining the connection between law and economics. The discipline arose partly out of a critique of trade unions and U.S. antitrust law. Admiralty law and the sea law lay a primary framework for free trade and commerce internationally's oceans and seas, the place exterior of a country's zone of…