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What is the difference between an LLC and a Professional LLC?
A standard LLC are your small businesses that do not require professional licensing, such as retail stores. A professional LLC are your small businesses that do require professional licensing such as Attorney and Doctor Offices.
Can a non wage garnishment be placed on a llc?
Yes it can. If the creditor files a wage garnishment to a protected LLC and that LLC fails to respond or respond properly, a court can and will hold the LLC jointly and severally liable for the entire debt owed to the creditor.
What is the proper way to write a company name with LLC at the end?
what is the proper way to write a company's name with llc
What is the meaning of the term LLC capital?
LLC stands for Limited Liability Company & it is flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation it is a legal form of company that provides limited liability to its owners.
Do you have personal liability with an LLC?
Generally, the members and managers of a limited liability company have no personal liability for the obligations incurred by the LLC. For example, if the LLC buys goods or services on credit and goes out of business, the members are not obligated to pay the creditors. There are many many ways, however, that personal liability can arise out of a person's participation in an LLC. Some of these include: * The person's own negligence, fraud or illegal act * Personal guarantees * "Piercing the veil" of the LLC
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 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.
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.
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.
