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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.
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 ...
In the IEEE 802 reference model of computer networking, the logical link control (LLC) data communication protocol layer is the upper sublayer of the data link layer (layer 2) of the seven-layer OSI model. The LLC sublayer acts as an interface between the medium access control (MAC) sublayer and the network layer.
4. Prepare an LLC operating agreement. A written operating agreement is one of the most important documents for any LLC. In it, you and any partners you may have will outline your LLC's ...
A "limited liability company" (LLC) is a different entity. However, some states permit corporations to have the designation Ltd. [6] (instead of the usual Inc.) to signify their corporate status. A corporation must file annual corporate tax returns with the Internal Revenue Service.
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IEEE 802.2 is the original name of the ISO/IEC 8802-2 standard which defines logical link control (LLC) as the upper portion of the data link layer of the OSI Model. [1] The original standard developed by the Institute of Electrical and Electronics Engineers (IEEE) in collaboration with the American National Standards Institute (ANSI) was adopted by the International Organization for ...