Ads
related to: llc definition business- Foreign Qualification
Explore Our Foreign Qualification
Resources To Get Insights.
- LLC Formation
Follow the Three Simple
Steps To File an LLC.
- C Corp Formation
Get an Overview Of Our C Corp
Formation And Gain Insights.
- S Corp Formation
S Corp Formation Is Easy With Our
3-Step Process. Know More.
- Foreign Qualification
uslegalforms.com has been visited by 100K+ users in the past month
legalcontracts.com has been visited by 100K+ users in the past month
Rated A+ - Better Business Bureau (BBB)
Search results
Results from the WOW.Com Content Network
Business and economics portal. v. t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of ...
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or joint venture. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of ...
v. t. e. Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a local government of a new city or town [citation needed] .
A limited liability partnership ( LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence.
Limited companies may be limited by shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up.
A limited liability company (LLC) is a relatively new business structure authorized by state statutes. The LLC is chiefly inspired by the GmbH ("Company with limited liability"), a type of business organization in Germany, and by the limitada, a type of business organization available in many Latin American countries.
Ads
related to: llc definition businessuslegalforms.com has been visited by 100K+ users in the past month
legalcontracts.com has been visited by 100K+ users in the past month
Rated A+ - Better Business Bureau (BBB)