The IRS offers statistics about LLCs at
http://www.irs.gov/taxstats/bustaxstats/article/0,,id=97127,00.html. Use
the Advanced Search page to refine the search since there are many documents
at the site with a wide range of data. From the IRS: "LLCs are popular
because, similar to a corporation, owners have limited personal liability
for the debts and actions of the LLC. Other features of LLCs are more like a
partnership, providing management flexibility and the benefit of
pass-through taxation."
Full Page: Limited Liability Company (LLC)
http://www.irs.gov/businesses/small/article/0,,id=98277,00.html
A Limited Liability Company (LLC) is a relatively new business structure
allowed by state statute.
LLCs are popular because, similar to a corporation, owners have limited
personal liability for the debts and actions of the LLC. Other features of
LLCs are more like a partnership, providing management flexibility and the
benefit of pass-through taxation.
Owners of an LLC are called members. Since most states do not restrict
ownership, members may include individuals, corporations, other LLCs and
foreign entities. There is no maximum number of members. Most states also
permit "single member" LLCs, those having only one owner.
A few types of businesses generally cannot be LLCs, such as banks, insurance
companies and nonprofit organizations. Check your state's requirements and
the federal tax regulations for further information. There are special
rules for foreign LLCs.
For additional information on the kinds of tax returns to file, how to
handle employment taxes and possible pitfalls, refer to Publication 3402
<http://www.irs.gov/pub/irs-pdf/p3402.pdf> , Tax Issues for Limited
Liability Companies.
============================================
You can also use search engines with search strategies such as:
Limited Liability Company (LLC) (popular OR popularity) (survey or poll or
study or studies)
One example which has a few sentences on the subject is:
PDF] Decentering the Firm: The Limited Liability Company and Low-Wage
...File Format: PDF/Adobe Acrobat - View as HTML
Professor Cummings includes a survey of various choices of business
entities, ... The Limited Liability Company (LLC) started becoming a popular
...
http://lawreview.law.ucdavis.edu/articles/Vol39/Issue3/DavisVol39No3_CHERRY.
pdf
You may need to improve the search strategy and/or use other search engines.
I generally use several if I'm not getting a satisfying result.
There may be some articles in business journals and Dialog, Factiva, LN or
whatever gateway Westlaw to business and news good be a good bet. To get at
stats, I often use the words stats or statistics or facts or data. To get a
information that could be reported as part of a research study, I use the
words above, e.g., survey or poll, or study.
Amelia Kassel, MarketingBase
Amelia Kassel's Mentor Program for
Independent Information Professionals
Online Research Training & Consulting
Expert CI, Market, and Internet Research
707 829-9421;800 544-5924; Fax: 707 823-2713
http://www.marketingbase.com; mailto:amelia@marketingbase.com
________________________________
From: owner-law-lib@ucdavis.edu [mailto:owner-law-lib@ucdavis.edu] On Behalf
Of Michelle I. Mitchell
Sent: Friday, March 30, 2007 9:11 AM
To: law-lib@ucdavis.edu
Subject: LLC History w/ stats
Does anyone know of an article or survey that gives a reason for the rise in
LLC popularity that has hard statistics? I have looked in Westlaw but the
articles I found were not general enough for the attorney nor did they have
the stats.
________________________________
Michelle I. Mitchell
Library Manager
Bilzin Sumberg Baena Price & Axelrod LLP
200 South Biscayne Boulevard, Suite 2500
Miami, Florida 33131-5340
www.bilzin.com <http://www.bilzin.com/>
Tel 305.351.2305
Fax 305.351.2268
MMitchell@bilzin.com
________________________________
"BILZIN.COM" made the following annotations.
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