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.
Doctor of Dental Science Limited Liability Corporation
Usually it is LLC which is Limited Liability Corporation/Company.
Professional Corporation, that is their form of legal entity, as opposed to Inc. or LLC
Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a corporation.
No LLC's do not have shareholders like corporations. LLC's have members which are similar to shareholders in a corporation.
Like a Corporation, an LLC offers limited liability to its owners. Unlike a Corporation, however, an LLC is taxed as a Partnership or Sole Proprietorship (unless the LLC elects to be taxed as a Corporation). This allows an LLC to pass all its income and losses through to the owners. Furthermore, the LLC has an advantage over a C-Corporation which makes an S-Corporation tax election because the S-Corporation can only have 100 stockholders and the stockholders cannot be Corporations or non-U.S.
"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."
In brief and generally, an LLC has the legal protections of a Corporation for its owners while having the tax benefits of a Partnership.
There are several differences of a corporation vs a LLC. Differences between a corporation vs a LLC include separate legal and tax life, separate management and control types, and different fringe benefits.