What does the suffix LLC mean?

Question

I notice that on many business logos here in Lawrence that the letters LLC follow the name.What does this mean?

Answer 1

Limited Liability Company
The LLC is a type of hybrid business structure that is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. A popular choice for sole proprietors who are looking to incorporate simply to protect personal assets or secure additional loans, the LLC is thought to be one of the easiest and least expensive forms of ownership to organize. The Limited Liability Company (LLC) is now a recognized business structure in all 50 states plus the District of Columbia. LLCs are gaining popularity with small business owners because they combine the advantages of a corporation with the tax advantages and management flexibility of a partnership

What are the main advantages of forming an LLC?

Owners of an LLC have limited liability for business debts.
For tax purposes, the allocation of profit and loss of an LLC need not be proportional to ownership interests.
With an LLC, there is no double taxation threat since the LLC is not a separate taxable entity.
You do not need to be a US citizen to own or invest in an LLC

Answer 2

Limited Liability Corporation

Answer 3

Limited Liability Corporation

Answer 4

Limited Liability Corporation

Answer 5

Limited Liability Corporation

Answer 6

INCORPORATION OF LIMITED LIABILITY COMPANIES [llc]
The laws relating to incorporation of Limited Liability Company (LLC) in Indiana is governed by the Title 23 of the Indiana Code. An LLC is a formal association, which combines the advantage of a corporation's limited liability and the flexibility and single taxation of a general partnership. An LLC has members rather than shareholders. A member enjoys protections from the liabilities and debts of the LLC. Although not required by law, an LLC should operate under an Operating Agreement, which is like a Partnership Agreement.


for further info log inhttp://www.helplinelaw.com/law/usa-indiana/LLC/LLC.php

Answer 7

Limited Liability Corporation.

Answer 8

LLC stands for: Limited Liability Company.

It is a type of company, authorized only in certain states, whose owners and managers receive the limited liability and (usually) tax benefits of an S Corporation without having to conform to the S corporation restrictions.

Answer 9

Limited Liability Company. This designation has been used in Europe and around the world for a while; it is basically a hybrid corporation/partnership.

In an LLC you have "members" instead of "stockholders" and each Member owns a percentage of the company as opposed to a specific number of stocks.

They are more commonly used BY corporation to insulate themselves from liability in specific projects. The procedures for creating and administering an LLC are a lot less parliamentary than those of a bona-fide corporation.

Answer 10

Limited Liability Corp