LLP stands for limited liability partnerships. LLP partners are only liable for their own actions and not the actions of the other partners in the partnership. LLC stands for limited liability company. An LLC o
Partners in an LLP do not assume liability for wrongdoing or errors made by other partners. This makes the LLP structure popular with (and typically limited to) law firms, doctors, accountants, and other professionals who are licensed and can face malpractice lawsuits. Unlike limited partnerships,...
LLC stands for limited liability company, which means its members are not personally liable for the company’s debts. LLCs are taxed on a “pass-through” basis — all profits and losses are filed through the member’s personal tax return. Generally, LLCs are required to pay a one-time ...
The term ‘4PL’ stands for ‘fourth-party logistics.’ 4PL provides are usually responsible for managing independent 3PL providers. A fourth-party logistics provider is sometimes also called a lead logistics provider (LLP) because they might specialize in directing one or more parts of the suppl...
What Is Attorney PC? In some states, it isn't uncommon to see the name of a law firm or attorney's office with the letters "PC" after it. PC stands for "professional corporation." Like limited liability companies, corporations and other business structures, professional corporations are ...
Shanghai stands out due to its significantly higher levels of Foreign Direct Investment (FDI) and export volumes compared to other first-tier cities. Furthermore, Shanghai serves as a testing zone for new policies. Even before establishing the IPC, Shanghai had a pre-existing proficiency in man...
In the context of finance, “LC” stands for Letter of Credit, a financial instrument issued by a bank that guarantees payment to a seller as long as the conditions specified in the letter are met. Letters of credit are most commonly used in international trade to reduce the risk of non-...
Why Choose Stone & Sallus LLP as Your Real Estate or Business When you are looking for a lawyer, there are many things that you should consider. You want to ensure that you get a good attorney who can help you with your case. Here at Stone & Sallus LLP, we understand … ...
So if you’ve ever wondered what “Inc” stands for and are looking to learn the advantages and disadvantages of incorporating your business, read on. In this blog post, we will explorewhat does Inc mean in business, how to legally incorporate your business in any state, and discuss the ...
Whether you need to safeguard your business against WARN Act noncompliance or defend against ongoing litigation, TheLabor and Employment groupat Conn Maciel Carey, LLP stands ready to assist in nearly any kind of workplace case, whether an employment matter, OSHA proceeding, or commercial dispute....