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  2. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    The principals of LLCs use many different titles—e.g., member, manager, managing member, managing director, chief executive officer, president, and partner. As such, it can be difficult to determine who actually has the authority to enter into a contract on the LLC's behalf.

  3. Operating agreement - Wikipedia

    en.wikipedia.org/wiki/Operating_agreement

    An operating agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi-member LLCs. In single-member LLC, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the ...

  4. Limited partnership - Wikipedia

    en.wikipedia.org/wiki/Limited_partnership

    The general partners (GPs) are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership.

  5. LLC vs. Corporation - AOL

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

    The owners of an LLC are called members. LLCs can be single-member entities or multiple-member entities. In many states, members can be individuals, corporations, foreign entities or even other LLCs.

  6. How to dissolve an LLC

    www.aol.com/dissolve-llc-153000360.html

    The reasons to dissolve could be that the LLC has met its goals, the LLC is merging with another company, or the members have decided to part ways. An involuntary or judicial dissolution is a ...

  7. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    Single Member Company – Private company limited by shares or a guarantee company having a share capital, which is incorporated with one member, or whose membership is reduced to one person. Must have at least two directors and one secretary. Sole member can dispense with holding General Meetings including Annual General Meetings.

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