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Q: Is target a limited liability company S corporation or conventional corporation?
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Is exxonMobil a limited liability corporation?

Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a corporation.


What does llc stand for?

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.


Can a Limited Liability Company later become an S Corporation?

How does a company become a corporation?


What is a limited company?

A limited company is a corporation, In legal terms the company or corporation is a separate person from its investors. If it goes bankrupt, its investors lose their investment but cannot be pursued for the corporation's unpaid debts. Their liability is limited to their investment--hence, "limited" company.


What is a WLL company and what does that stand for?

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.


What does PLLC stand for after an attorneys name?

PLLC stands for Professional Limited Liability Company. It indicates that the attorney practices law through a limited liability company structure, meaning the attorney's personal assets are protected in case of legal claims against the business.


What litigation rules apply to a limited liability corporation in California?

California Limited Liability Company Act (“LLC Act”) apply to limited liability corporation. Visit www.corp.ca.gov for more details.


Can a profit corporation also be a limited liability company?

Yes


What does llc after a company's name mean?

Limited Liability Corporation


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 are kinds of corporation?

There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)


What does LC stand for in company name?

Usually it is LLC which is Limited Liability Corporation/Company.