answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does it mean when a business operates under an LLC?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

I registered my business under a LLC recently I'm wondering if it mattered that I put a period at the end of LLC?

For example I put Biz, LLC. instead of Biz, LLC


Does a comma go before LLC?

The comma goes after the business between the name and the LLC. Business Company, LLC


What would the term LLC mean in relationship to a small business?

LLC stands for Limited Liability Company. It is a type of incorporated business. LLCs are smaller businesses. They get the same legal protection as other big corporations get,


Where could I apply for an LLC for my tree trimming service in Delaware?

You can set up a company as an LLC directly through the state. Contact your state's commerce or business department for more information. You would have to contact the IRS and apply for an EIN with your companies name. You can then be known under the LLC business name at that point.


What is Pershing LLC's motto?

Pershing LLC's motto is 'Your Business Without Limits'.


Is there a comma after LLC?

No, there usually is not a comma after LLC. However, it will depend on the business and how the company was registered.


Who signs w-9 when it is an llc?

The Business Owner if single-member llc, Accountant.


Is a llc business insurance?

No,, LLC is a Limited Liability Company. It's a type of a incorporation.


Is it safe to create a business LLC online?

It should be safe to create a business LLC online if a secure website is used. It can be cheaper to create online. LLC stands for "limited liability company".


Can you file a business llc and personal taxes separately?

Do I have to file personal taxes if I own a small LLC? Or just file business taxes.


Is a state business licence included with an LLC filing?

A state business license is separate from an LLC. Check your local state requirements for both.


What is LLC business?

A business that is LLC is called a limited liability company. This means that the company is not taxed as a separate business. The profits and losses are reported through personal tax returns.