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Those owners often seek out loans to support their companies. As they start the LLC loan shopping process, business owners can also start gathering the documentation they’ll need to apply for loans.
LLC loans can be used for many things, including working capital, covering start-up costs, equipment or inventory purchases, advertising and marketing and even commercial real estate
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 ]
Key takeaways. LLC business loans are available from traditional lenders, online lenders or the SBA. Some online lenders specialize in working with small businesses with bad credit or startups
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [ 1 ]
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