2006-07-12 09:32:03 · 5 answers · asked by crazyhorse004 1 in Local Businesses ➔ United States ➔ Atlanta
A limited liability company (denoted by L.L.C. or LLC in the US) is a legal form of business company offering limited liability to its owners. It is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller companies with restricted numbers of owners
Incorporation (abbreviated Inc. in U.S. business names) is the forming of a new corporation. The corporation may be a business, a non-profit organization or even a government of a new city or town. This article focuses on the process of incorporation, see also corporation
2006-07-12 09:37:09 · answer #1 · answered by Gabe 6 · 0⤊ 0⤋
LLC stands for Limited Liability Company. INC is short for incorporated. Inc means several companies working toward a common management team. Enron was inc. They owned all sorts of things all in an effort to aquire the maximum dollar. LLC groups tend to have limited business expansion and assets.
2006-07-12 16:37:00 · answer #2 · answered by raiderking69 5 · 0⤊ 0⤋
Inc is Incorporated. LLC is a type of corporation. It stands for Limited Liability Corporation. More information can be found at...
2006-07-12 16:36:01 · answer #3 · answered by Mark 5 · 0⤊ 0⤋
Limited Liability Company (LLC) Means I will do the job cheaper but if I screw up I'm only liable for x amount of damages.
Inc ie incorporated means more than one person or group owns this business.
2006-07-12 16:38:10 · answer #4 · answered by da_hammerhead 3 · 0⤊ 0⤋
An LLC, limited liability corporation, has certain advantages for small businesses or partnerships, and I understand is supposed to be easier to desolve. That's all I know about that.
2006-07-12 16:35:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋