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LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
The two most popular ways of organizing a small business are LLCs and sole proprietorships. They are less costly and complicated compared to the alternatives of corporations and partnerships.
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 ...
There are three main types of business entity in Brunei, namely sole proprietorship, partnership, and company. [11] A private company contains the term "Sendirian Berhad", meaning "Private Limited" or "Sdn. Bhd." as part of its name; for a public company "Berhad" or "Bhd." is used. [12]
Logan's Roadhouse is an American chain of casual dining restaurants based in Houston, Texas, United States, founded in 1991 in Lexington, Kentucky, U.S. [3] There are 135 Logan's Roadhouse locations throughout twenty-two states. [4] The chain uses retro style decorations. Some of the Logan's establishments have locality-inspired decor and artwork.
And, another surprise, the first location opened up in 1993 in Indiana, not Texas!Regardless of their roots, Texas Roadhouse has infiltrated America. Photos: Texas Roadhouse, Shutterstock. Design ...
Sole proprietorship (person fizik) – A business owned and managed by one individual who is personally liable for all business debts and obligations. Limited liability company (LLC) – A hybrid legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
LLC vs. Corporation. TJ Porter. April 30, 2024 at 1:37 PM ... an LLC provides more structure than a sole proprietorship but has no risk of double taxation. Learn more about these two types of ...