Limited Liability Corporation.
It can mean anything, depending upon how the operating agreement is written. Get a copy of the operating agreement and it should tell you what the rights are to each class of membership.
Depending on the context, these initials could mean limited liability company (LLC).
In taxation, Series LLC includes a master or umbrella LLC and other LLCs which are separated from each other for liability purposes. Each LLC has assets separate from the other, while the master LLC controls all the other LLC in the series.
Where can I find sample single member llc operating agreement for class use? Please respond to : paulcyoung@yahoo.com
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Limited Liability Company.
Limited Liability Corporation
LLC
The LLC in Indiana LLC stands for "Limited Liability Company". LLC companies blend corporate structure with partnership qualities.
Yes, a LLC, that is, a LLC that is member of a LLC, could theoretically make a distribution to its parent LLC. Although, where member(s) of the LLC that is a member of the "parent" LLC are also member(s) of the parent LLC violate certain imputed fiduciary duties, the potential arises for unlawful self-dealing to occur.
LLC stands for a Limited Liability Company which means that within the business, its members have only a limited liability for the debts and liabilities. LLC are popular and are obtained by filing tax documents within the state's tax office. LLC can provide tax advantages and more flexibility in management and ownership.
LLC