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LLC stands for limited liability company. It's a type of business structure that, true to name, limits the amount of financial liability the owner faces. Most people who choose to create an LLC do so because of this limited liability, and also because they don't necessarily need to file separate tax documents, something that is mandatory with a corporation.
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Which is correct LLC or LLC?
LLC
What does the LLC stand for in Indiana LLC?
The LLC in Indiana LLC stands for "Limited Liability Company". LLC companies blend corporate structure with partnership qualities.
Can a LLC invest in its parent LLC?
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.
What is the correct punctuation for LLC?
LLC
Who owns an llc?
an LLC owner.
What is the DTC number for Pershing LLC?
Pershing LLC 0443 Pershing LLC/SL 5163 Pershing LLC/SL Int'l 5196
Does a LLC have shareholders?
No LLC's do not have shareholders like corporations. LLC's have members which are similar to shareholders in a corporation.
How does personal bankruptcy affect your LLC?
A LLC is considered one of your assets. The LLC protects you from liabilities it assumes, but it doesn't protect the LLC from your liabilities. Therefore, if you declare bankruptcy, you could possibly lose your share of an LLC. At best, it would be difficult for you to get credit for the LLC, since the individual generally has to secure credit for the LLC.
Can an llc escape a lawsuit by selling the llc?
No. See related question link that explains the liability of an LLC.
Does LLC have to be capitalized?
No, "LLC" does not have to be capitalized in a sentence. It can be written in lowercase as "llc" as well.
What does Series LLC mean in taxation?
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.
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
