Fact checked by Skylar Clarine Reviewed by Ebony Howard A family limited liability company (LLC) is formed by family members ...

For example, while S corporations can issue only one class of the company stock, LLCs can offer several different classes with different rights. In addition, S corporations are limited to a ...

For example, Karim invested £15,000 when setting up a plumbing business and he owns 100% of the shares. If the business went £50,000 into debt, limited liability would mean that Karim would only ...