Limited Liability Companies : LLC for small businesses

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Limited Liability Companies : LLC for small businesses

Post by Manager on Fri Mar 03, 2017 5:40 am

What is a 'Limited Liability Company - LLC'

A limited liability company (LLC) is a corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of an LLC is a feature of partnerships



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Re: Limited Liability Companies : LLC for small businesses

Post by Manager on Fri Mar 03, 2017 6:40 am

BREAKING DOWN 'Limited Liability Company - LLC'
Although LLCs have some attractive features, they also have a number of disadvantages, especially in relation to the structure of a corporation. A LLC has to be dissolved upon the death or bankruptcy of a member, unlike a corporation, which can exist in perpetuity. Also, a LLC may not be a suitable option when the objective of the founder is to eventually become a publicly listed company.

Read more: Limited Liability Company - LLC http://www.investopedia.com/terms/l/llc.asp#ixzz4aF5mx0i9
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