Ads
related to: define llc limited liability corporation laws explained pdf full freeuslegalforms.com has been visited by 100K+ users in the past month
- Legal Form Packages
Real Estate, Employment, Bankruptcy
Contractors, LLC Formation Packages
- Localized Forms
Forms for States, Cities & Counties
Get Legal Forms for Your State
- Real Estate Forms
Home Sales, Contract for Deed
State Specific Real Estate Forms
- Legal Forms for Industry
Official Forms for Your Industry
Industry-Specific Forms Online
- Legal Form Packages
Search results
Results from the WOW.Com Content Network
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 ]
Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of the corporation, or for torts (involuntary harms) committed by the corporation against a third party (acts done by the controllers of the corporation).
The articles of organization document typically includes the name of the LLC, the type of legal structure (e.g. limited liability company, professional limited liability company, series LLC), the registered agent, whether the LLC is managed by members or managers, the effective date, the duration (perpetual by default in most states), and the ...
A corporation is a distinct legal entity that is separate from its owners. Like LLCs, corporations offer a variety of liability protections. But they can be far more complex and come in multiple ...
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. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets ...
“An LLC combines the principles of a partnership with the liability and protection of a corporation,” says Paul Ouweneel, partner, valuation, forensic and litigation services, Wipfli, a ...
The proprietary limited company is a statutory business form in several countries, including Australia. Many countries have forms of business entity unique to that country, although there are equivalents elsewhere. Examples are the limited liability company (LLC) and the limited liability limited partnership (LLLP) in the
How much does an LLC cost. LLC costs can vary. Each state charges a fee to file an LLC’s articles of organization. While most states keep filing fees between $50 and $200, an LLC filing fee is ...
Ads
related to: define llc limited liability corporation laws explained pdf full freeuslegalforms.com has been visited by 100K+ users in the past month