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A Limited Liability Company, or an LLC, is a relatively new business structure, that first appeared in Wyoming in 1977, and is now recognized by every State's statute and the IRS. An LLC is neither a partnership nor a corporation, but a distinct type of business structure that offers an alternative to those two traditional entities by combining the corporate advantages of limited liability with the advantages of pass-through taxation usually associated with partnerships. Limited Liability Companies are becoming more and more popular, and it is easy to see why. In addition to combining the best features of partnerships and corporations, LLCs avoid the main disadvantages of both of those business structures. Limited liability companies are much more flexible and require less ongoing paperwork than corporations to maintain them, while avoiding the dangers of personal liability that come with the partnership. Some examples of famous LLCs may surprise you - both Amazon and Chrysler are organized as limited liability companies.
Alexander Parks
'LLC' stands for Limited Liability Company. It is a business structure that combines the liability protection of a corporation with the flexibility and tax benefits of a partnership.
Wiki User
∙ 15y agoLLC stands for "Limited Liability Company."
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In Psychology what does Bcc mean?
BCC typically stands for blind carbon copy, a term commonly used in email communication to indicate recipients who receive a copy of the message without the knowledge of other recipients. In the context of psychology, BCC could have a different meaning depending on the specific context within the field.
What is the abbreviation for psychology?
The abbreviation for psychology is "psych."
What does PSYW mean?
"PSYW" does not have a commonly known meaning or acronym. It could be a typo or a customized abbreviation used by a specific group or individual.
What does the abbreviation smh stand for?
The abbreviation "smh" stands for "shaking my head". It is often used to express disapproval, disbelief, or disappointment in a situation.
How do you abbreviate the word psychiatry?
The abbreviation for psychiatry is "Psych."
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 is the proper abbreviation for Limited Liability Company?
LLC.
What is the medical abbreviation meaning prescription?
Rx is the medical abbreviation meaning prescription.
What is the medical abbreviation meaning bedrest?
BR is the medical abbreviation meaning bedrest.
What is the medical abbreviation meaning day?
d is the medical abbreviation meaning day.
What is the Medical abbreviation meaning immediately?
The abbreviation is "stat", short for "statim" meaning immediately or without delay.Stat is the medical abbreviation
What is the medical abbreviation meaning every?
q is the medical abbreviation meaning every or each.
What is the medical abbreviation meaning bicarbonate?
HCO3 is the medical and chemical abbreviation meaning bicarbonate.
What is the abbreviation for support?
what is the meaning of the abbreviation of KPR,s
What is the medical abbreviation meaning recommend?
Rec is a commonly used medical abbreviation meaning recommend.
What is the medical abbreviation meaning quantity sufficient?
QS is the medical abbreviation meaning quantity sufficient.
What is the medical abbreviation meaning milliequivalent?
mEq is the abbreviation for milliequivalent.
