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  2. Low-profit limited liability company - Wikipedia

    en.wikipedia.org/wiki/Low-profit_limited...

    t. e. 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 which ...

  3. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    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 of a ...

  4. Entity classification election - Wikipedia

    en.wikipedia.org/wiki/Entity_classification_election

    For United States income tax purposes, a business entity may elect to be treated either as a corporation or as other than a corporation. [1] This entity classification election is made by filing Internal Revenue Service Form 8832. Absent filing the form, a default classification applies. U.S. corporations of the type that can be publicly traded ...

  5. 6 Ways To Separate Personal and Business Finances Effectively

    www.aol.com/finance/6-ways-separate-personal...

    Planning Your Personal Finances. Good personal finance starts with two key practices — saving and budgeting. You should aim to save a portion of your salary each month. Financial experts often ...

  6. Can you buy a house with an LLC? Should you? - AOL

    www.aol.com/finance/buy-house-llc-212420678.html

    It is certainly possible to buy a house with an LLC. But unless you’re a celebrity or a real estate investor who wants to limit their liability in being a landlord, it’s probably not a good ...

  7. Registered agent - Wikipedia

    en.wikipedia.org/wiki/Registered_agent

    In United States business law, a registered agent (also known as a resident agent, [1] statutory agent, [2] or agent for service of process[3]) is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons. [4] The registered agent 's address may also ...

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