Logo
Unionpedia
Communication
Get it on Google Play
New! Download Unionpedia on your Android™ device!
Free
Faster access than browser!
 

Limited liability company

+ Save concept

A limited liability company (LLC) is the United States of America-specific form of a private limited company. [1]

65 relations: Accountant, Alabama, Architect, Articles of incorporation, Articles of organization, Besloten vennootschap met beperkte aansprakelijkheid, Business, By-law, C corporation, California, Charging order, Chiropractic, Commingling, Company, Corporation, Dividend, Double taxation, Engineer, Entity classification election, Financial capital, Flow-through entity, Franchise tax, Health care, HM Revenue and Customs, Incorporation (business), Initial public offering, Internal Revenue Service, Investor, Kentucky, Landscape architect, Lawyer, Legal person, Limited liability, Limited liability partnership, List of business entities, List of company registers, Low-profit limited liability company, Natural person, New York (state), Operating agreement, Ownership, Partnership, Pennsylvania, Percentage, Physician, Piercing the corporate veil, Private limited company, Profit (accounting), Registered agent, S corporation, ..., Series LLC, Share (finance), Shareholder, Small business, Société à responsabilité limitée, Sole proprietorship, Stock certificate, Taxation in the United States, Tennessee, Texas, United Kingdom, Unlimited company, Voluntary association, Wholly Foreign-Owned Enterprise, Wyoming. Expand index (15 more) »

Accountant

An accountant is a practitioner of accounting or accountancy, which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resource(s).

New!!: Limited liability company and Accountant · See more »

Alabama

Alabama is a state in the southeastern region of the United States.

New!!: Limited liability company and Alabama · See more »

Architect

An architect is a person who plans, designs, and reviews the construction of buildings.

New!!: Limited liability company and Architect · See more »

Articles of incorporation

Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada.

New!!: Limited liability company and Articles of incorporation · See more »

Articles of organization

The articles of organization are a document similar to the articles of incorporation, outlining the initial statements required to form a limited liability company (LLC) in many U.S. states.

New!!: Limited liability company and Articles of organization · See more »

Besloten vennootschap met beperkte aansprakelijkheid

Besloten vennootschap met beperkte aansprakelijkheid (usually abbreviated bv in the Netherlands, bvba in Belgium) or Société Privée à Responsabilité Limitée (SPRL) is the Dutch and Belgian version of a private limited liability company.

New!!: Limited liability company and Besloten vennootschap met beperkte aansprakelijkheid · See more »

Business

Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).

New!!: Limited liability company and Business · See more »

By-law

A by-law (bylaw) is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.

New!!: Limited liability company and By-law · See more »

C corporation

A C corporation, under United States federal income tax law, refers to any corporation that is taxed separately from its owners.

New!!: Limited liability company and C corporation · See more »

California

California is a state in the Pacific Region of the United States.

New!!: Limited liability company and California · See more »

Charging order

A charging order, in English law, is an order obtained from a court or judge by a judgment creditor, by which the property of the judgment debtor in any stocks or funds or land stands charged with the payment of the amount for which judgment shall have been recovered, with interest and costs.

New!!: Limited liability company and Charging order · See more »

Chiropractic

Chiropractic is a form of alternative medicine mostly concerned with the diagnosis and treatment of mechanical disorders of the musculoskeletal system, especially the spine.

New!!: Limited liability company and Chiropractic · See more »

Commingling

In law, commingling is a breach of trust in which a fiduciary mixes funds held in care for a client with their own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client.

New!!: Limited liability company and Commingling · See more »

Company

A company, abbreviated as co., is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.

New!!: Limited liability company and Company · See more »

Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

New!!: Limited liability company and Corporation · See more »

Dividend

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits.

New!!: Limited liability company and Dividend · See more »

Double taxation

Double taxation is the levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes).

New!!: Limited liability company and Double taxation · See more »

Engineer

Engineers, as practitioners of engineering, are people who invent, design, analyze, build, and test machines, systems, structures and materials to fulfill objectives and requirements while considering the limitations imposed by practicality, regulation, safety, and cost.

New!!: Limited liability company and Engineer · See more »

Entity classification election

For United States income tax purposes, a business entity may elect to be treated either as a corporation or as other than a corporation.

New!!: Limited liability company and Entity classification election · See more »

Financial capital

Financial capital is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based, i.e. retail, corporate, investment banking, etc.

New!!: Limited liability company and Financial capital · See more »

Flow-through entity

A flow-through entity (FTE) is a legal entity where income "flows through" to investors or owners; that is, the income of the entity is treated as the income of the investors or owners.

New!!: Limited liability company and Flow-through entity · See more »

Franchise tax

A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state.

New!!: Limited liability company and Franchise tax · See more »

Health care

Health care or healthcare is the maintenance or improvement of health via the prevention, diagnosis, and treatment of disease, illness, injury, and other physical and mental impairments in human beings.

New!!: Limited liability company and Health care · See more »

HM Revenue and Customs

Her Majesty's Revenue and Customs (HM Revenue and Customs or HMRC) is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes including the national minimum wage.

New!!: Limited liability company and HM Revenue and Customs · See more »

Incorporation (business)

Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law).

New!!: Limited liability company and Incorporation (business) · See more »

Initial public offering

Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.

New!!: Limited liability company and Initial public offering · See more »

Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

New!!: Limited liability company and Internal Revenue Service · See more »

Investor

An investor is a person that allocates capital with the expectation of a future financial return.

New!!: Limited liability company and Investor · See more »

Kentucky

Kentucky, officially the Commonwealth of Kentucky, is a state located in the east south-central region of the United States.

New!!: Limited liability company and Kentucky · See more »

Landscape architect

A landscape architect is a person who is educated in the field of landscape architecture.

New!!: Limited liability company and Landscape architect · See more »

Lawyer

A lawyer or attorney is a person who practices law, as an advocate, attorney, attorney at law, barrister, barrister-at-law, bar-at-law, counsel, counselor, counsellor, counselor at law, or solicitor, but not as a paralegal or charter executive secretary.

New!!: Limited liability company and Lawyer · See more »

Legal person

A legal person (in legal contexts often simply person, less ambiguously legal entity) is any human or non-human entity, in other words, any human being, firm, or government agency that is recognized as having privileges and obligations, such as having the ability to enter into contracts, to sue, and to be sued.

New!!: Limited liability company and Legal person · See more »

Limited liability

Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.

New!!: Limited liability company and Limited liability · See more »

Limited liability partnership

A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities.

New!!: Limited liability company and Limited liability partnership · See more »

List of business entities

A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable.

New!!: Limited liability company and List of business entities · See more »

List of company registers

A company register is a register of organizations in the jurisdiction they operate under.

New!!: Limited liability company and List of company registers · See more »

Low-profit limited liability company

A low-profit limited liability company (L3C) is a legal form of business entity in the United States that was created to bridge the gap between non-profit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures by simplifying compliance with Internal Revenue Service rules for program-related investments, a type of investment that private foundations are allowed to make.

New!!: Limited liability company and Low-profit limited liability company · See more »

Natural person

In jurisprudence, a natural person is a person (in legal meaning, i.e., one who has its own legal personality) that is an individual human being, as opposed to a legal person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organization.

New!!: Limited liability company and Natural person · See more »

New York (state)

New York is a state in the northeastern United States.

New!!: Limited liability company and New York (state) · See more »

Operating agreement

An operating agreement is a key document used by LLCs because it outlines the business' financial and functional decisions including rules, regulations and provisions.

New!!: Limited liability company and Operating agreement · See more »

Ownership

Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property.

New!!: Limited liability company and Ownership · See more »

Partnership

A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.

New!!: Limited liability company and Partnership · See more »

Pennsylvania

Pennsylvania (Pennsylvania German: Pennsylvaani or Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state located in the northeastern and Mid-Atlantic regions of the United States.

New!!: Limited liability company and Pennsylvania · See more »

Percentage

In mathematics, a percentage is a number or ratio expressed as a fraction of 100.

New!!: Limited liability company and Percentage · See more »

Physician

A physician, medical practitioner, medical doctor, or simply doctor is a professional who practises medicine, which is concerned with promoting, maintaining, or restoring health through the study, diagnosis, and treatment of disease, injury, and other physical and mental impairments.

New!!: Limited liability company and Physician · See more »

Piercing the corporate veil

Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders.

New!!: Limited liability company and Piercing the corporate veil · See more »

Private limited company

A private limited company is a type of business entity in "private" ownership used in many jurisdictions in contrast to "public" ownership, with some differences from country to country.

New!!: Limited liability company and Private limited company · See more »

Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

New!!: Limited liability company and Profit (accounting) · See more »

Registered agent

In United States business law, a registered agent, also known as a resident agent or statutory agent, is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons.

New!!: Limited liability company and Registered agent · See more »

S corporation

An S corporation, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code.

New!!: Limited liability company and S corporation · See more »

Series LLC

A series limited liability company, commonly known as a series LLC and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.

New!!: Limited liability company and Series LLC · See more »

Share (finance)

In financial markets, a share is a unit used as mutual funds, limited partnerships, and real estate investment trusts.

New!!: Limited liability company and Share (finance) · See more »

Shareholder

A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation.

New!!: Limited liability company and Shareholder · See more »

Small business

Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.

New!!: Limited liability company and Small business · See more »

Société à responsabilité limitée

A société à responsabilité limitée (short SARL and variations thereof; lit. "society with limited responsibility") is a form of private company that exists mainly in French-speaking countries, such as France, Luxembourg, Monaco, Algeria, Morocco, Tunisia, Madagascar, Lebanon, and Switzerland (where it is also designated by GmbH or Sagl).

New!!: Limited liability company and Société à responsabilité limitée · See more »

Sole proprietorship

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of enterprise that is owned and run by one natural person and in which there is no legal distinction between the owner and the business entity.

New!!: Limited liability company and Sole proprietorship · See more »

Stock certificate

In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies ownership of a specific number of shares or stock in a corporation.

New!!: Limited liability company and Stock certificate · See more »

Taxation in the United States

The United States of America has separate federal, state, and local government(s) with taxes imposed at each of these levels.

New!!: Limited liability company and Taxation in the United States · See more »

Tennessee

Tennessee (translit) is a state located in the southeastern region of the United States.

New!!: Limited liability company and Tennessee · See more »

Texas

Texas (Texas or Tejas) is the second largest state in the United States by both area and population.

New!!: Limited liability company and Texas · See more »

United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

New!!: Limited liability company and United Kingdom · See more »

Unlimited company

An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint, several and non-limited obligation to meet any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company's formal liquidation.

New!!: Limited liability company and Unlimited company · See more »

Voluntary association

A voluntary group or union (also sometimes called a voluntary organization, common-interest association,Prins HEL et al. (2010).. Cengage Learning. association, or society) is a group of individuals who enter into an agreement, usually as volunteers, to form a body (or organization) to accomplish a purpose.

New!!: Limited liability company and Voluntary association · See more »

Wholly Foreign-Owned Enterprise

A Wholly Foreign-Owned Enterprise (WFOE, sometimes incorrectly WOFE) is a common investment vehicle for mainland China-based business wherein foreign parties (individuals or corporate entities) can incorporate a foreign-owned limited liability company.

New!!: Limited liability company and Wholly Foreign-Owned Enterprise · See more »

Wyoming

Wyoming is a state in the mountain region of the western United States.

New!!: Limited liability company and Wyoming · See more »

Redirects here:

Company with Limited Liability, Delaware limited liability company, FZ LLC, Fz llc, Kft., Korlátolt felelősségű társaság, L.L.C, L.L.C., LLC, LLc, Limited Liability Company, Limited Liability Corporation, Limited liability companies, Limited liability corporation, Limited liabilty company, Limited-liability company, Limited-liability corporation, LlC, Llc, PLLC, Professional Limited Liability Company, Professional limited liability company, S.r.o. (llc), Sociedad Limitada Unipersonal, Sociedad Limitada Unipersonal (S.L.U.), Sociedad de Responsabilidad Limitada, Sociedad de responsabilidad limitada, Sociedad limitada unipersonal, Sociedade anónima de responsabilidade limitada, Societate cu Răspundere Limitată, Uždaroji akcinė bendrovė, With Limited Liability, ООО.

References

[1] https://en.wikipedia.org/wiki/Limited_liability_company

OutgoingIncoming
Hey! We are on Facebook now! »