What Is An Llc

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What Is An Llc

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Should your llc be taxed as a partnership or an s corp smith

Should Your LLC Be Taxed As A Partnership Or An S Corp Smith

LLC stands for limited liability company an LLC is a business structure that protects business owners from personal liability for the limited liability company LLC s debts LLCs are very popular but how do you know if it s your right choice Let s explore all that you need to know in our definitive LLC guide What Is an LLC? An LLC is a type of business entity that can have one or more owners, referred to as "members." LLC members typically participate equally in the management of the business unless they elect an alternative management structure called "manager management."

what is an llc limited liability company business structure

What Is An LLC Limited Liability Company Business Structure

What Is An LlcAn LLC is a type of unincorporated association, distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a. A limited liability company or LLC is a U S legal entity used to own operate and protect a business LLCs provide the same legal and financial protections corporations do but can be simpler