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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]
LLC advantages and disadvantages. When applying for a loan, there are some pros and cons to being an LLC. Advantages of LLCs. Personal asset protection: ...
An LLC loan could be a viable option if you operate as an LLC and need funds for your business. While there are plenty of advantages to securing a loan, in most cases, an LLC business loan may ...
v. t. e. A conglomerate ( / kəŋˈɡlɒmərət /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group. [1]
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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