Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a corporation.
No
An LLC (Limited Liability Corporation).
LTD stands for Limited Liability. Either type of corporation would qualify in that the owners' liability is limited.
limited liability corporation
California Limited Liability Company Act (“LLC Act”) apply to limited liability corporation. Visit www.corp.ca.gov for more details.
Corporation
Limited liability is a major advantage of a corporation.
A "WLL" company is a type of limited-liability corporation, where WLL stands for "With Limited Liability." The rules for a WLL vary by country. In the US, the LLC ("Limited Liability Corporation") business type is similar.
If you intend to "do business as" a name different from your corporation or LLC name, then you can file as a limited liability corporation in California. Read more at www.sos.ca.gov/business/be/faqs.htm -
shareholders are not responsible for the debts of the corporation.
Limited Liability Corporation.
LLC = Limited Liability Company It is sometimes mistakenly referred to as a Limited Liability Corporation. However, an LLC can file taxes as either a Discarded Entity, a Corporation or a Partnership.