What Are the Advantages of a Firm Being Formed as a Limited

question 90

Essay

What are the advantages of a firm being formed as a limited liability company (LLC)instead of as a limited partnership?

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Definitions:

Environmental Risks

Potential hazards to the environment that may arise from a company's operations, potentially leading to financial liabilities and reputational damage.

Sustainability Reporting

Reporting on social, environmental, and financial aspects of an organisation’s operations.

Corporate Social Reporting

The practice of disclosing information regarding a company's impact on society, the environment, and its corporate social responsibility activities.

Triple Bottom Line

An accounting framework that goes beyond the traditional measures of profit, return on investment, and shareholder value to include environmental and social dimensions.