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What is a Limited Liability Corporation?

In US law, corporations are organizations authorized to act as a legal entity. US law also recognizes another legal status for a company, called a ‘limited liability corporation’, or LLC for short. LLCs are not separate legal entities like regular...

Alternatives To Litigation

While there’s no concrete answer to how long a lawsuit process might take in court, US cases take over a year on average, and cases running 5 or more years are not unheard of. The load of cases before state courts has increased over time, and staffing has not....

What is Litigation?

In US law, one party can bring a lawsuit against another party in court. In civil cases, the party bringing the suit — called the plaintiff — generally claims to have incurred loss through actions of the other party – the defendant. In criminal...

Landlord Rights & Responsibilities

A landlord owns property that is rented or leased to someone else – the ‘tenant’ or ‘lessee.’ Both responsibilities and rights for landlords are defined by law – usually state and local codes in the US. Responsibilities for...

Bankruptcy Protection

When a person or business concludes that meeting their debts is not realistic, they may file for bankruptcy in Federal Bankruptcy court. A bankruptcy filing places an automatic stay on debt-related actions and judgements, including wage garnishment —...

Bankruptcy Basics

Bankruptcy is a set of legally-defined ways for individuals or businesses to settle debts without full payment, by following rules that govern their assets and financial actions for a period of time. There are two broad types, liquidation and reorganization. Under...