Definition of a Limited Liability Company or LLC . Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity.This means that an LLC can get a tax identification number, open a bank account and do business, all under its own name.
Limited Liability Company - LLC: A limited liability company (LLC) is a corporate structure whereby the members of the company cannot be held personally liable for the company's debts or ...
A limited liability company (LLC) is the US-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.
An explanation of the LLC business form, including LLC taxation, common myths, and how to form an LLC in one or more states. The Balance Small Business All About Limited Liability Companies (LLCs) ... A Limited Liability Company (LLC) is a business entity recognized in all U.S. states. An LLC combines benefits of a sole proprietorship or ...
What does the abbreviation LLC stand for? Meaning: limited liability company.
$2.8 million: A limited liability company managed by Dan Giustina sold a building on the northeast corner of Broadway and Pearl Street that houses Cafe Zenon, Nick & Noras, Goldworks and Hawthorne's Cafe & Deli to an Albany couple, Richard and Shelli Mikesell.
What is an LLC? The simple definition of a limited liability company (LLC) is that it is a form of business entity that limits the liability of its owners while allowing flexibility in operation and management and passing through its income to its members with no tax at the entity level. Well, that’s a pretty easy definition of an LLC, but it leaves a lot of queations unanswered.
Limited liability is a type of liability that does not exceed the amount invested in a partnership or limited liability company . The limited liability feature is one of the biggest advantages of ...
A Limited Liability Company (LLC) is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owner's tax return (a "disregarded entity"). A domestic LLC with at least two ...
A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company. Owners of an LLC are called members. Most states do not restrict ownership, so ...