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What is meant by LLC?

Anonymous

∙ 11y ago

Updated: 12/12/2022

LLC: Limited Liability Company

It is a type of company in which the owners bear only a limited liability.

Wiki User

∙ 11y ago

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Related Questions

Which is correct LLC or LLC?

LLC

Can an LLC be a partner in another LLC?

Yes, an LLC can be a partner in another LLC. This is known as a multi-member LLC structure, where one LLC is a member or partner in another LLC.

What is meant by dpm in switcher?

Digital Picture Manipulator based on the manual for the Kayenne Video Production Center by Grass Valley USA, 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.

Can an L.L.C. have vice presidents?

LLC is usually a partnership, and each individual is a partner. President, vice president positions are meant for the officers of full corporations.

Who owns an llc?

an LLC owner.

What is the correct punctuation for LLC?

LLC

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.

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