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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.
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 ...
SPB Hospitality is a multi-brand restaurant operator headquartered in Houston, Texas.The company owns several casual dining restaurant chain brands, including Logan's Roadhouse, Old Chicago Pizza + Taproom, J. Alexander's, Stoney River Steak House, Krystal Restaurants, Gordon Biersch Brewery Restaurants, and Rock Bottom Restaurants Breweries.
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]
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.
Texas Roadhouse's company-owned same-store sales growth has increased 8.50%, 9.30%, and 8.40% in the past three quarters, respectively. Its stock is up around 45% in the past year.
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.
Main Menu. News. News. Entertainment. Lighter Side. Politics. ... LLC vs. Corporation. TJ Porter. April 30, 2024 at 1:37 PM ... an LLC provides more structure than a sole proprietorship but has no ...