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An LLC is a type of unincorporated association, distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and ...
Domestic LLCs. A domestic LLC is an LLC that operates within the state in which it was initially created. This is, by far, the most common form of LLC, and is generally the simplest to create and ...
The same rule also applies when the general partner is a limited company incorporated outside Germany, for example: Limited & Co. KG: the general partner is a UK private company limited by shares; PLC & Co. KG: the general partner is a UK plc; ApS & Co. KG: the general partner is a Danish Anpartsselskab; LLC & Co. KG: the general partner is a ...
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture.
One example is SEEDR L3C, founded in 2008 in Atlanta to develop hardware, software, service, and policy solutions that help improve access to healthcare in Africa. [42] In 2009, the Gates Foundation gave SEEDR L3C a $529,566 investment to fund the development of insulated containers for vaccine transport in developing countries. [ 43 ]
Examples include the LLC in the United States, private company limited by shares in the United Kingdom, GmbH in Germany and Austria, Besloten vennootschap (BV) in The Netherlands and Belgium, société à responsabilité limitée (SARL) in France, società a responsabilità limitata (S.r.l.) in Italy, and sociedad de responsabilidad limitada ...
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