Definition of Limited Liability Corporation

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Definition of Limited Liability Corporation – This is a place for the community to provide tips and advice on Definition of Limited Liability Corporation. This topic was created by Candi Houston and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Definition of a Limited Liability Company or LLC

Published: 9 years, 3 month(s) ago | Submitted by Antony Teale | permalink

Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity. This means that an LLC can obtain a tax identification number, open a bank account and do business, all under its own name. The primary advantage of an LLC is that its owners, known as members, have "limited liability," meaning that, under most circumstances, they are not personally liable for the debts and liabilities of the LLC.
Tags: Definition of a Limited Liability Company or LLC, LLC guide, LLC, guide

For further reading: https://www.legalzoom.com/knowledge/limited-liability-company/topic/limited-liability-company ^[1]

Tip 2 - Limited+liability+corporation

Published: 9 years, 3 month(s) ago | Submitted by John Kufta | permalink

Definition of Limited+liability+corporation in the Legal Dictionary by The Free Dictionary

For further reading: http://legal-dictionary.thefreedictionary.com/Limited%2Bliability%2Bcorporation ^[2]

Tip 3 - Limited Liability Company (LLC) Definition | Investopedia

Published: 9 years, 3 month(s) ago | Submitted by Jacek Slotala | permalink

A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next. However, it is essentially a hybrid entity that combines the characteristics of a corporation and a partnership or sole proprietorship.
Tags: business partnership,limited liability,sole proprietorship,limited liability company - llc,dictionary,glossary,education,investment,tutorials,investing,invest,investor,stocks,quotes,analysis,beginner,finance,financial,market,news,401k,ira,personal,definitions,terms,mutual funds,ipo,options,nasdaq,trader,trading

For further reading: http://www.investopedia.com/terms/l/llc.asp ^[3]

Tip 4 - Limited Liability Company

Published: 9 years, 3 month(s) ago | Submitted by Daren Schneider | permalink

A form of business organization with the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership - Small Business Encyclopedia
Tags: encyclopedia

For further reading: http://www.entrepreneur.com/encyclopedia/limited-liability-company ^[4]

Tip 5 - What is a limited liability company? - Nolo.com

Published: 9 years, 3 month(s) ago | Submitted by Peter Mc Kee | permalink

What is a limited liability company?

For further reading: http://www.nolo.com/legal-encyclopedia/limited-liability-company-llc-faq-29144.html ^[5]

Tip 6 - What is limited liability company (LLC)? definition and meaning

Published: 9 years, 3 month(s) ago | Submitted by Kevin Wightman | permalink

Definition of limited liability company (LLC): Relatively recent type of US business structure that combines the limited personal liability feature of a corporation with the single taxation feature of a partnership or sole-proprietorship firm. Its...

For further reading: http://www.businessdictionary.com/definition/limited-liability-company-LLC.html ^[6]