LLC: Limited Liability Company
It is a type of company in which the owners bear only a limited liability.
LLC
Digital Picture Manipulator based on the manual for the Kayenne Video Production Center by Grass Valley USA, 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 is usually a partnership, and each individual is a partner. President, vice president positions are meant for the officers of full corporations.
LLC
an LLC owner.
Pershing LLC 0443 Pershing LLC/SL 5163 Pershing LLC/SL Int'l 5196
No LLC's do not have shareholders like corporations. LLC's have members which are similar to shareholders in a corporation.
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.
No. See related question link that explains the liability of an LLC.
No, "LLC" does not have to be capitalized in a sentence. It can be written in lowercase as "llc" as well.