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A limited liability company (LLC) is a corporate structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
following topics are covered:
Introduction
History
Flexibility and default rules
Income tax
Advantages
Disadvantages
Variations
Limited Liability Company Versus Partnership
Tax advantage
Flexibility of Income Distribution
Simplicity
Fees
Attractive to Foreign Investors
Interstate Business More Complicated
Exclusions
Conclusion
What's New in the Latest Version 3
Last updated on Feb 26, 2021
Minor bug fixes and improvements. Install or update to the newest version to check it out!
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limited liability company LLC
3 by Students Apps
Feb 26, 2021