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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 ...
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 ...
With one LLC as good as another for this purpose, there’s no reason to pay more than you need to. In any case, the cost of forming the LLC is tax-deductible, so it’s worth noting your expenses. 2.
Malaysia uses Sdn. Bhd. (Malay: Sendirian Berhad), meaning "private limited", which is the equivalent of an incorporated entity in the US. Singapore uses Pte. Ltd., meaning "private limited", which is the equivalent of an incorporated entity in the US. Dubai uses "LLC" to denote a limited liability company. Listed companies use "PJSC" to denote ...
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.
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