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t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1] An LLC is not a corporation under the laws of every state; it is a legal form ...
There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
In the United States, corporations have limited liability, and the expression corporation is preferred to limited company. A "limited liability company" (LLC) is a different entity. However, some states permit corporations to have the designation Ltd. [8] (instead of the usual Inc.) to signify their corporate status. A corporation must file ...
Corporate law. A low-profit limited liability company ( L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [1] L3Cs were created to comply with the Internal Revenue Service (IRS) program-related investments (PRIs) rules ...
A limited liability company (LLC) is a relatively new business structure authorized by state statutes. [54] The LLC is chiefly inspired by the GmbH ("Company with limited liability"), a type of business organization in Germany, and by the limitada, a type of business organization available in many Latin American countries. [17]
Elwood Staffing ( Columbus) Emmis Corporation ( Indianapolis) Finish Line, Inc. ( Indianapolis) First Internet Bancorp ( Indianapolis) First Merchants Corporation ( Muncie) The Ford Meter Box Company ( Wabash) Guidant ( Indianapolis) Gurney's Seed and Nursery Company ( Greendale) Haynes International ( Kokomo)
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