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Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a 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.
How does a company become a corporation?
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.
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.
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.
California Limited Liability Company Act (“LLC Act”) apply to limited liability corporation. Visit www.corp.ca.gov for more details.
Yes
Limited Liability 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.
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
Usually it is LLC which is Limited Liability Corporation/Company.