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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 every state; it is a legal form of a ...
There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
Corporate law. A low-profit limited liability company ( L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [1] L3Cs were created to comply with the Internal Revenue Service (IRS) program-related investments (PRIs) rules ...
Common documents to include with a business loan request are your business plan, financial statements, tax returns, personal financial information and collateral details. An LLC can get a business ...
Key takeaways. As the name suggests, a limited liability company, or LLC, limits the liability of the owner(s) in the event of a legal issue. Buying a home with an LLC can be useful for landlords ...
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 ...
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related to: example of an llc company- 3 steps to an LLC
Learn 3 simple steps to form
an LLC.
- Start a Corporation
Attract outside investors. Go
public. Incorporate your business.
- LLC vs. LLP: a comparison
An LLC or an LLP? Learn which
one may work for your business.
- LLC v sole proprietorship
An LLC or a sole proprietorship?
We can help you decide.
- 3 steps to an LLC