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| | Limited liability company - Wikipedia, the free encyclopedia |
 | | In other states, including Georgia, there have been courts who have suggested limited liability companies should maintain corporate formalities, including annual meetings, in the same manner as corporations so as to maintain the limited liability protection afforded to shareholders in a corporation). |
 | | The franchise tax can be an amount based on revenue, an amount based on profits, or an amount based on the number of owners or the amount of capital employed in the state, or some combination of those factors, or simply a flat fee, as in Delaware. |
 | | However, limited liability companies are taxed at corporate rates, and dividends to shareholders are further taxed. |
| en.wikipedia.org /wiki/Limited_liability_company (831 words) |
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