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The restricted legal responsibility company isn’t a partnership or a company but quite is a definite kind of entity that has the powers of both a company and a partnership. Unlike the partnership, where the key component is the individual, the essence of the restricted liability company is the entity, requiring for its creation more formal requirements. 1 William D. Bagley & Phillip P. Whynott, The Limited Liability Company, §2.10, (2d ed. second rev. James Publishing, 1995). Established in 1973, EU Business School is an international, professionally accredited, high-ranking business school with campuses in Barcelona, Geneva, Montreux, Munich and online. We supply foundation, bachelor’s, master’s, MBA, DBA and further teaching programs which concentrate on business administration.
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