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Maury and Sons Transition to a Limited Liability Company
Member rating: No Rating | Words: | Submitted: Fri Jan 28 2005
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Maury and Sons Transition to a Limited Liability Company Law 529 December 7, 2004 Maury and Sons Transition to a Limited Liability Company Business ownership is a balance between the rewards of success and the risk of failure. Maury and Sons is an example of a success in the small business ownership. Maury and Sons is an oilfield-drilling contractor that is doing well, with lucrative contracts awarded to them in the past year for over one million dollars in revenue from ExxonMobil and BP-Amoco. Maury and Sons is a business that is lead by Max and Monty, both are grandsons of the founder Maury, which employs fifty oilrig crewmembers and ten administrative positions. Maury and Sons, having reached the one million dollar milestone for the first time this year, have decided that now is the time to limit their own liability, but still lead the business to a successful future. After...
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