在通用文本中,company和corporation一般都可直接译为“公司”。 但在法律英语中,两者的内涵是存在区别的。 在美国公司法中,company的外延要比corporation更广。Company泛指各类公司和商业组织,而corporation指的是某一类型的company,它是独立的公司法人,具有独立的民事权利能力和行为能力。 其英文释义如下: A corporation ...
An LLC is a business structure that sets up a company as its own entity, giving you liability protection. This means that the owner(s) of the business can’t be held financially liable for debts or lawsuits against them. Imagine you and a friend decide to start an ecommerce business ...
LLC stands for Limited Liability Company and is a type of business entity allowed by the state statute. The sorts of businesses that are eligible to form an LLC are determined by state law. Several firms can incorporate an LLC, except for banks and insurance companies, which aren’t allowed ...
LLC stands for Limited Liability Company and is a type of business entity allowed by the state statute. The sorts of businesses that are eligible to form an LLC are determined by state law. Several firms can incorporate an LLC, except for banks and insurance companies, which aren’t allowed...
dealership,franchise- a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area manufacturer,manufacturing business,maker- a business engaged in manufacturing some product
:An LLC manager is an individual, group, or entity chosen by LLC members to manage the day to day operation of the company. Managers may be one or more current members or a third party. Third party managers can be people or other business entities such as corporations or other LLCs....
The management and ownership structures also differ between LLCs and corporations. Here’s how LLCs are owned and managed. Ownership.LLCs have members with ownership interests in the company. These members can be domestic or foreign individuals, corporations, partnerships, or trusts. Anoperating agr...
LLCs are great if you want to protect assets while enjoying income tax benefits and avoiding legal liability through a simplified management structure compared to other types of business income structures. But trusts may be a better option if you just want to hold assets from creditors for estate...
Technically, an LLC could be the owner of another LLC. So another business entity can have a membership stake in the company. But with PLLCs, this usually isn’t an option. Tip #2 — Know Your Risks and Liabilities With an LLC, the risks and liabilities are much more straightforward. ...
For LLCs, business operations are much simpler than other corporate structures, and the requirements are minimal. For example, some business types require that bylaws be adopted and annual meetings be conducted, but LLCs are not required to do so.LLCs merely adopt anLLC operating agreement, the...