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.
This article is about the English county. For other uses, see Westmoreland (disambiguation). Westmorland (/ËwÉstmÉrlÉnd/; formerly also spelt Westmoreland; even older spellings are Westmerland and Westmereland) is an area of North West England and one of the 39 historic counties of England. It formed an administrative county from 1889 to 1974, after which the whole county was administered by the new administrative county of Cumbria.