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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]
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.
Low-profit limited liability company – Legal form of business entity in the US; Public-benefit nonprofit corporation – Chartered by a US state government; Social enterprise – Type of organization; Social purpose corporation – For-profit that enables, without requiring, social or environmental decision making
It is conventional to precede a block quotation with an introductory sentence (or sentence fragment) and append the source citation to that line. Alternatively, the {{blockquote}} template provides parameters for attribution and citation which will appear below the quotation. (For use of dashes with attributions, see § Other uses for em dashes.)
Uniform Intestacy, Wills, and Donative Transfers Act: 1991, 1993 Uniform Land Security Interest Act: 1985 Uniform Land Transactions Act: 1975 Uniform Law on Notarial Acts: 1982, 2010 Uniform Limited Liability Company Act: 1996 Uniform Limited Partnership Act: 2001 Uniform Management of Institutional Funds Act: 1972
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 ]
Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governance rights, found mostly in the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended by laws like the Sarbanes–Oxley Act of 2002 and the Dodd–Frank Wall Street Reform and ...
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
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