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.
There are many benefits of an LLC incorporation. Examples of benefits of an LLC corporation include protected assets, pass-through taxation, and limited compliance requirements.
A business is considered an LLC if it combines the pass-through taxation of a partnership or sole proprietorship while also having the limited liability of a corporation.
Depending on the context, these initials could mean limited liability company (LLC).
Off course you can! I would suggest you to form an LLC with Pass-Through Taxation treatment.
dear sir,
Limited Liability Company.
According to a Certificate of Merger issued by Delaware and filed with the Maryland State Department of Assessments and Taxation, the merger of BA Mortgage, LLC into Bank of America, National Association, was filed April 15, 2003.
Limited Liability Corporation.
Limited Liability Corporation
LLC
of goods or funds, Subject to taxation
it means to caca