2007-02-09 15:29:58 · 4 answers · asked by Kripster 1 in Business & Finance ➔ Other - Business & Finance
Limited Liability Corporation / Company. Which means the owners are protected if any legal issues arise.
2007-02-09 15:34:49 · answer #1 · answered by daffodil 5 · 1⤊ 0⤋
Limited Liability Corporation
2007-02-09 15:39:31 · answer #2 · answered by Carlene W 5 · 1⤊ 0⤋
Limited Liability Company
A limited liability company (denoted by L.L.C. or LLC) is a legal form of business company in the United States offering limited liability to its owners. In that respect, it is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller companies with a limited number of owners. Unlike a regular corporation, however, a limited liability company with one member may be treated as a disregarded entity, so the member is often singled-out as a person performing the actions of the LLC. A limited liability company with multiple members is typically treated as a partnership for tax purposes, thereby avoiding double taxation.
2007-02-09 15:34:53 · answer #3 · answered by Arnold 4 · 1⤊ 0⤋
LIMITED LIABILITY COMPANY
2007-02-09 15:38:54 · answer #4 · answered by silverearth1 7 · 0⤊ 0⤋