
176 Project development in the solar industry
those of a C Corporation, a fact which often makes a limited liability company (LLC)
the entity form of choice.
Limited Liability Company. A limited liability company is a relatively new cor-
porate entity that was designed to combine the benefits of partnerships and corpora-
tions – i.e., for owner liability purposes, it resembles a corporation, and for federal
tax purposes, it resembles a partnership. Thus, a limited liability company is ideal for
individuals who seek the flexibility and pass-through income of a partnership, cou-
pled with the liability protection afforded by corporations.
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