Limited Liability Companies (LLCs): Risks and Advantages

Limited Liability Companies (LLCs): Risks and Advantages

Winter 2015 Article

When confronted with the choice between a corporation and a limited liability company, clients are sometimes inclined to choose a limited liability company (or LLC).  Limited liability companies are perceived as an appropriate business vehicle for smaller ventures and to manage real estate investments in a very informal and flexible manner.  Limited liability companies are often compared with S.r.l.’s in Italy or GmbH’s in Germany, which require a smaller capitalization and are thus perceived as less costly.  The comparison, however, is not always appropriate, especially because LLC laws in the United States are largely based on the law of partnerships.  A limited liability company is first of all a contract among members, rather than a rigid statutory creation with specific structures and provisions created by law. If this allows more flexibility, it also leaves the door open to uncertainties and ambiguities.

Employment Authorization for Spouses of Certain Non-Immigrant Visa Holders

Employment Authorization for Spouses of Certain Non-Immigrant Visa Holders

Summer 2015 Article

It is common knowledge that in order to work lawfully in the United States, a foreign national is first required to obtain a valid work visa. However, not many people know that accompanying foreign spouses holding a derivative visa need to take an additional step before they may seek employment in the United States, even when their visa status allows in principle to work.