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   What is a limited liability company?

   • Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of pass-through taxation to the members of an LLC is a feature of a partnership rather than an LLC.

   What Is an LLC? Limited Liability Company Structure and ... - Investopedia

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   What if a company is a low-profit limited liability company?

   • (3) whether the company is a LOW-PROFIT LIMITED LIABILITY COMPANY. The name of the LLC must be distinguishable from the name of every other foreign or domestic corporation and LLC registered or qualified to do business in the state.

   Limited Liability Company Flashcards | Quizlet

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   What is a low-profit limited liability company (L3C)?

   • An LLC may conduct business for any lawful purpose, for profit or not for profit, except insurance underwriting. A low-profit limited liability company (L3C) is a nonprofit LLC established with the primary goal of furthering a charitable of educational purpose. Certain groups of professionals may join together to form a professional LLC.

   Limited Liability Company Flashcards | Quizlet

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   What are some examples of LLCs?

   • LLCs are more common than many realize. Alphabet, the parent company of Google, is an LLC, as are PepsiCo Inc., Exxon Mobil Corp., and Johnson & Johnson. LLCs can include sole proprietorship LLCs, family LLCs, and member-managed LLCs. Many physicians' groups are registered as LLCs.

   What Is an LLC? Limited Liability Company Structure and ... - Investopedia

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2. quizlet.com › 202066702 › limited-liability-companyLimited Liability Company Flashcards | Quizlet

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   Definition. A limited liability company (LLC) is a type of business form combining attributes of both corporations and partnerships. It has TWO PRIMARY ATTRIBUTES: (1) the limited liability that shareholders of a corporation enjoy, AND. (2) the tax treatment of a partnership.

   • Limited Liability Company's (LLCs) Flashcards | Quizlet

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   • Limited Liability Company (LLC) Flashcards | Quizlet

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   • Chapter 6-Limited Liability Company Flashcards | Quizlet

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   Study with Quizlet and memorize flashcards containing terms like Limited Liability Corporation, Artificial Person, Member Managers and more.

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   Study with Quizlet and memorize flashcards containing terms like What is a limited liability company (LLC)?, What is the function of LLCs?, What is the advantage of LLCs? and more.

5. www.investopedia.com › terms › lWhat Is an LLC? Limited Liability Company Structure and ...

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   Mar 21, 2024 · A limited liability company (LLC) is a business structure in the U.S. that protects the assets of its owners from lawsuits and creditors concerned with the company's business debts.