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2. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   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 ...

3. Limited liability - Wikipedia

   en.wikipedia.org/wiki/Limited_liability

   Corporate law. 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 ...

4. What is an LLC loan and how does it work? - AOL

   www.aol.com/finance/llc-loan-does-155938785.html

   The company is liable for the debt unless you cosign the LLC loan or provide a personal guarantee. If you do either, you become personally liable if the business defaults on the loan. Can an LLC ...

5. Uniform Limited Liability Company Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Limited_Liability...

   The Uniform Limited Liability Company Act ( ULLCA ), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute ), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs ...

6. Pros and cons of LLC loans - AOL

   www.aol.com/finance/pros-cons-llc-loans...

   A limited liability company (LLC) is a business structure offering protections to small business owners. When forming an LLC, you shield your personal assets from liability for business debts and ...

7. Limited liability partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_partnership

   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.