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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] An LLC is not a corporation under the laws of every state; it is a legal form of a ...
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On the other hand, a corporation (Corp.) or a limited liability company (LLC) may hold assets such as real estate, cars or boats. If a shareholder of a corporation is personally involved in a lawsuit or bankruptcy, these assets may be protected. A creditor of a shareholder of a Corp. or LLC cannot seize the assets of the company.
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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related to: look up an llc ma- Register A Business Name
Check If Your Name Is Available
And Register Your Business Today
- Fast & Simple LLC
Get Everything You Need To Form,
Run & Grow Your LLC
- Start Your Business
Launch Your Business With Us
Personalized Plans & Services
- LLC For Small Businesses
Manage Your LLC In One Place With
Our All-In-One Business Platform
- Register A Business Name
freshdiscover.com has been visited by 100K+ users in the past month