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  2. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    An LLC is a type of unincorporated association, distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and ...

  3. Limited company - Wikipedia

    en.wikipedia.org/wiki/Limited_company

    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.

  4. LLC vs. Corporation - AOL

    www.aol.com/finance/llc-vs-corporation-203712316...

    What is an LLC? A limited liability company (LLC) is a business entity that helps to protect the business owner from the liabilities incurred by the company they own.. As a sole proprietor, you ...

  5. Limited liability - Wikipedia

    en.wikipedia.org/wiki/Limited_liability

    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 ...

  6. Articles of organization - Wikipedia

    en.wikipedia.org/wiki/Articles_of_Organization

    Articles of organization. The articles of organization are a document similar to the articles of incorporation, outlining the initial statements required to form a limited liability company (LLC) in many U.S. states. Some states refer to articles of organization as a certificate of organization or a certificate of formation. [1]

  7. Company - Wikipedia

    en.wikipedia.org/wiki/Company

    A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have following features: "separate legal personality ...

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