Well, that’s a pretty easy definition of an LLC, but it leaves a lot of queations unanswered. So, really, what is a limited liability company? Basic Features of an LLC The basic features of a limited liability company are: Its owners have limited liability for the entity’s debts and...
An LLC, or limited liability company, offers certain tax benefits and some personal liability protection. Learn how to form an LLC in this article.
An LLC with more than one memberis known as a multiple-member or LLC. All members must sign off on the firm's written operating agreement to run legally. Besides that, setting up this type of LLC is similar to its single-member counterpart. Member-managed LLCs An LLC is member-managed ...
If the LLC has more than one owner, an information tax return for the LLC must be completed in addition to the individual tax returns of the business owners. Benefits of forming an LLC The benefits of creating an LLC — as opposed to operating your business as a sole proprie...
to help find (an answer in a puzzle or quiz) by providing a clue: The four-letter “nose” was clued as “characteristic smell of wine.” clew(def7). verb phrase to provide with useful or reliable information: Clue us in on how these forms are to be filled out. ...
,pluralan·ec·dotesan·ec·do·ta[an-ik-, doh, -t, uh]. a short account of a particular incident or event, especially of an interesting or amusing nature. a short, obscure historical or biographical account. Discover More Word History and Origins ...
Define LLC Products. means compounded blend products, in pelletized form, in which the compounded blend pellets contain [***] of PLA and [***] of PBS; provided, however, that on a case by case basis Sinoven and NatureWorks may by mutual written agreement
heliport- an airport for helicopters Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. airport nounairfield,aerodrome,airdrome(U.S.)the busiest international airport in the world Collins Thesaurus of the English Language – Complete and Unabridged 2nd...
GmbH is an abbreviation of the German phrase “Gesellschaft mit beschränkter Haftung,” which means “company with limited liability.” Is GmbH the same as LLC? GmbH is considered an equivalent of LLC (limited liability company), which is used in the United States, or Ltd. (limited), wh...
There's no legal requirement for an LLC to have a written business plan, but there are still clear advantages to having one. A well-structured business plan is an important tool to set out the goals and values of an enterprise and provides an objective way of assessing whether or not thos...