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  2. Low-profit limited liability company - Wikipedia

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

    In addition to meeting IRS Treasury Regs.Sec.53.4944-3(a), many states require the label "L3C" or "low-profit limited liability company" to appear in the name of the organization. Each state may have state-specific requirements that govern L3C formation. [citation needed]

  3. Uniform Limited Liability Company Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Limited_Liability...

    The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.

  4. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

  5. LLC vs. Corporation - AOL

    www.aol.com/finance/llc-vs-corporation-203712316...

    An LLC might be the better choice if you’re working alone or have one or two partners, given their flexibility and simpler filing requirements. Corporations are generally best for larger, more ...

  6. Uniform Partnership Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Partnership_Act

    The Uniform Partnership Act (UPA), which includes revisions that are sometimes called the Revised Uniform Partnership Act (RUPA), is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of business partnerships by U.S. States.

  7. What makes an LLC loan different than a regular small ... - AOL

    www.aol.com/finance/makes-llc-loan-different...

    Bankrate insight. LLCs may also want to keep a business credit card on hand. They are flexible forms of financing that can cover a variety of short-term costs. They’re also one of the best ways ...

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