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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 every state; it is a legal form ...
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]
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: ...
Advantages and disadvantages Advantages. Public companies possess some advantages over privately held businesses. Publicly traded companies are able to raise funds and capital through the sale (in the primary or secondary market) of shares of stock. This is the reason publicly traded corporations are important; prior to their existence, it was ...
Differences between LLCs and corporations. LLCs and corporations are both legal entities that business owners can use to formalize their company’s legal status. Corporations are generally more ...
Cons. Personal liability. Can be expensive. Limited disclosure requirements. Pros of LLC loans. LLC businesses are a popular funding solution for small business owners — and for good reasons.
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