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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 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.
LLC, which stands for limited liability company, is a great option for small business owners looking for a way to get legally established. Not only does this business structure make your […]
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 ...
An LLC loan is any business loan that provides funds for small businesses organized as limited liability companies. An LLC loan isn’t a specific type of loan that you’ll find offered through ...
That means the company can pass tax liability through to its owners, who report and pay anything owed to their IRS through their personal tax returns. C-corporations are subject to the 28 percent ...
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