Unlimited Liability and Law Firm Organization: Tax Factors and the Direction of Causation

Authors

Ronald J. Gilson, Columbia Law SchoolFollow

Document Type

Article

Publication Date

1991

Abstract

In a recent issue of this Journal, Carr and Mathewson (1988) test a model of the impact of limited and unlimited liability regimes on the nature of firms by comparing the performance of law firms operated as partnerships and sole proprietorships (and therefore subject to unlimited liability) with that of law firms operated as corporations (and therefore subject to limited liability).

Disciplines

Business Organizations Law | Law | Tax Law

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Comments

© 1991 by The University of Chicago.

Recommended Citation

Ronald J. Gilson, Unlimited Liability and Law Firm Organization: Tax Factors and the Direction of Causation, 99 J. Pol. Econ. 420 (1991).
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/2264