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"An LLC Corporation is often used by small business owners to protect them from monetary liability. When you set up an LLC Corp. your personal property, i.e., house, car and other personal assets are off limits from being included in a lawsuit against your business."
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∙ 12y ago
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A company that is owned by shareholders is called a?
A corporation or LLC.
What kind of company is an LLC corporation?
An LLC corporation is a limited liability company. This means that the company gives the owners the ability to assume less liability if something were to happen.
What does llc after a company's name mean?
Limited Liability Corporation
What type of business has limited liability?
An LLC (Limited Liability Corporation).
What is the difference between LLC vs Inc?
Inc. refers to an entity being a corporation while LLC means limited liability company. The difference is in the structure of the companies. A corporation also offers limited liability, but it differs from a corporation in structure and the regulations it must follow.
Is exxonMobil a limited liability corporation?
Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a corporation.
Does a LLC have shareholders?
No LLC's do not have shareholders like corporations. LLC's have members which are similar to shareholders in a corporation.
What corporation type is Nevada LLC?
"Nevada LLC is a corporate structuring, financial privacy company. It is financially private and is corporate structuring and is a corporation. It is a good corporation."
What is the difference in a LLC or corporation?
In brief and generally, an LLC has the legal protections of a Corporation for its owners while having the tax benefits of a Partnership.
May an LLC be owned by a corporation?
Yes.
What are kinds of corporation?
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
What form of ownership is Ford motor company c corporation s corporation or llc?
s corporation
Can creditors place a lien on a corporation or LLC companies?
car creditors put a lien on an LLC
What does Class LLC mean?
Limited Liability Corporation.
A company that is owned by shareholders is called a?
A corporation or LLC.
What kind of company is an LLC corporation?
An LLC corporation is a limited liability company. This means that the company gives the owners the ability to assume less liability if something were to happen.
What does LLC after a law firm name?
LLC stands for Limited Liability Company. When a law firm has LLC in its name, it indicates that the firm is structured as a limited liability company, which offers its owners limited liability protection. This means that the owners are not personally liable for the debts and obligations of the firm.
