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Generally it wouldn't. A corporation already has limited liability, so owners (stock holders) are only liable for their investment in the company and their personal assets cannot be seized if the company fails.
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∙ 15y ago
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Is exxonMobil a limited liability corporation?
Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a corporation.
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.
What corporation type is Nevada LLC?
"Nevada LLC is a corporate structuring, financial privacy company. It is financially private and is corporate structuring and is a corporation. It is a good corporation."
What is the difference in a LLC or corporation?
In brief and generally, an LLC has the legal protections of a Corporation for its owners while having the tax benefits of a Partnership.
When a company files as an LLC on a W9 form what would be the appropriate circumstance in which a corporation would be chosen as the tax classification?
If the corporation choses, under the "check the box" elections to be taxed as a corporation. Many do.
May an LLC be owned by a corporation?
Yes.
What form of ownership is Ford motor company c corporation s corporation or llc?
s corporation
What are kinds of corporation?
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
Can creditors place a lien on a corporation or LLC companies?
car creditors put a lien on an LLC
What does Class LLC mean?
Limited Liability Corporation.
A company that is owned by shareholders is called a?
A corporation or LLC.
What kind of company is an LLC corporation?
An LLC corporation is a limited liability company. This means that the company gives the owners the ability to assume less liability if something were to happen.
