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OT: I wonder why Bloomberg is Bloomberg LP instead of Bloomberg LLC.
by stealthmodeclan 8y ago
OT: I wonder why Bloomberg is Bloomberg LP instead of Bloomberg LLC.
- aphextron 8y agoI would assume to allow Bloomberg to maintain personal control over his namesake should he be forced out of the company. An LP reserves the right to dissolve the company in the event of a partner leaving.
- apaprocki 8y agoAlso, keep in mind LLCs didn't practically exist when the company was created. The Wyoming LLC-as-partnership-passthrough ruling didn't happen until 1988. Other states didn't start to pass LLC laws until 1990 onward.
- ggm 8y agoThis is worth a top level story