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Limited liability company | FTB. ca. gov Limited liability company (LLC) forms an LLC to run a business or to hold assets to protect its members against personal liabilities
Limited liability company - Wikipedia Many jurisdictions—including Alabama, California, Kentucky, Maryland, New York, Pennsylvania, Tennessee, and Texas —levy a franchise tax or capital values tax on LLCs In essence, this franchise or business privilege tax is the fee the LLC pays the state for the benefit of limited liability
What Is A Limited Liability Company (LLC)? Definition, Pros Cons Ready to Set up Your LLC? An LLC (limited liability company) is a common business structure for small businesses, entrepreneurs and freelancers But there are a lot of misconceptions about how
What Is an LLC? Definition, Benefits, and How It Works What is a limited liability company? A limited liability company (LLC) is a business structure that protects owners' personal assets from business debts and lawsuits while offering flexible tax options
LLC (Limited Liability Company) | Everything You Need to Know Here you’ll find out everything you need to know about this type of entity, including the advantages of an LLC versus other business entities, what to put in an operating agreement, and how LLCs are taxed Nolo can help you create your LLC
What Is an LLC? Your Guide to LLC Meaning in 2025 LLC stands for Limited Liability Company It’s a type of business structure that merges a corporation’s and a partnership’s benefits Registering your business as an LLC, the company offers limited liability protection to its owners, who are called members
Limited liability company (LLC) | What Is an LLC? Definition, Benefits . . . Owners of an LLC are called members There can be one member or many A limited liability company is just one of the many business structures available Learn how corporations, partnerships, sole proprietorships, and others compare in Britannica Money’s guide to business structure types
What Is an LLC? - FindLaw One feature of a limited liability company (LLC) is liability protection You might be wondering what would happen if someone sues your small business The answer depends on the type of business entity that you have A sole proprietor could lose personal assets like a house or car