A Limited Liability Company combines some of the features of a corporation and some of the features of a partnership. Like a corporation, it protects ownership from liability for debts or other obligations, such as judgments, incurred by the business entity. The LLC has the tax advantages of a partnership. Corporations pay taxes on profits before distributing those profits to stockholders, creating a double tax burden.
Visit Cumbria for an experience like no other in England. The market towns of Kendal, Keswick and Cockermouth offer a unique shopping experience for the urban dweller, and the busy lakes of Windermere and Ullswater provide ample opportunity for boating or watersports.
Chaos in Cumbria: floods turn lives upside down in Lake District. Collapsed and dangerous bridges, main roads washed away and deluged railways meant chaos is continuing to turn lives upside down in the Lake District. As the waters receded on Monday, Lancashire and Cumbria began to count the cost of the damage caused by Storm Desmond, which tore through the region at the weekend. In Kendal, a town of 30,000 people at the gateway to the Lakes, all five bridges were closed as structural engineers checked their safety.