Essays Tagged: "LLC"

Business Associations

uct. There is no exclusion for liability for contractual obligations.5.LIMITED LIABILITY COMPANIES--LLC is a non-corporate business entity whose owners (members) have limited liability and can partici ... ty whose owners (members) have limited liability and can participate actively in its management. An LLC may be either for a term or at will. It can be managed either by its members or nonmember manage ...

(42 pages) 330 0 5.0 Mar/2005

Subjects: Businesss Research Papers

Entity Selection Exercise.

and regulatory issues. The new Joe's Landscaping will be formed as a Limited Liability Corporation (LLC). In this exercise, Joe's Landscaping will be comprised of two members, Joe and his wife. As a p ... oyees, and his wife is responsible for book keeping, clerical and accounting work. In selecting the LLC as the new business, a variety of factors were considered. The first and most obvious business c ...

(5 pages) 136 0 5.0 Feb/2006

Subjects: Law & Government Essays > Law

Business and company ownerships

vantages usually you will choose a sole proprietorship, a partnership, a limited liability company (LLC), or a corporation. There's no right or wrong choice that fits everyone. Your job is to understa ... l their stock in minutes by calling their stockbrokers or by selling it online over the internet.A (LLC) limited liability company is a firm that has all the favorable features of a typical general pa ...

(4 pages) 133 0 3.0 Apr/2006

Subjects: Businesss Research Papers > Management

Agency Law and Business Entities-

limited and general partnerships, publicly held or close corporations, limited liability companies (LLCs), limited liability partnerships (LLPs), and franchises.A sole proprietorship is a business tha ... on; if one or several of the shareholders agree to be solely financially responsible should for the LLC's debts, the company would be more likely to be approved for financing. Members of an LLC often ...

(10 pages) 308 0 4.7 Feb/2007

Subjects: Law & Government Essays

Business Entities

limited and general partnerships, publicly held or close corporations, limited liability companies (LLCs), limited liability partnerships (LLPs), and franchises. The "best" form of business entity dep ... on; if one or several of the shareholders agree to be solely financially responsible should for the LLC's debts, the company would be more likely to be approved for financing. Limited liability compan ...

(6 pages) 229 1 5.0 Dec/2007

Subjects: Businesss Research Papers

Limited Liability Corportations and Partnerships

ty. Common forms of business entities include sole proprietorships, limited liability corporations (LLC's), limited liability partnerships (LLP's), public and privately held corporations, and franchis ... ate from its owners. Often, the limited liability corporation is a sole proprietorship, becoming an LLC offers the owners protection from personal liability while allowing the profits and losses of th ...

(3 pages) 101 0 0.0 Jul/2008

Subjects: Businesss Research Papers

Business Structure

each member are determined by the agreement, rather than by a pre-set corporate legal structure.An LLC is a blend of some of the best characteristics of corporations, partnerships and sole proprietor ... and we would not be obligated to keep minutes, hold meetings or make resolutions. In addition, the LLC allows us to put a legal shield between our creditors and us. None of us would be personally lia ...

(6 pages) 44 0 3.0 Jul/2008

Subjects: Businesss Research Papers

Limited Liability Company

AbstractIn this paper we will discuss the advantages of setting up a Limited Liability Company (LLC). First we will discuss the definition of a LLC, how it came about, and give a general history o ... ill also cover the applications of agency law and which laws govern the rules and regulations of an LLC. We will then discuss the advantages and disadvantages of operating an LLC, and compare and dist ...

(16 pages) 157 0 5.0 Jan/2009

Subjects: Businesss Research Papers > Management

Business Plan

bit B) and what type of business entity to establish. MX3 Sports Bar and Grill will start out as an LLC.The Limited Liability Company (LLC)Limited liability company - Abbreviated LLC, is a legal form ... has certain characteristics of both a corporation and a partnership. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a ...

(5 pages) 135 0 3.4 Apr/2009

Subjects: Law & Government Essays > Law

Types of Business Organizations

is whether the business should operate as a sole proprietorship, a partnership, a corporation or a LLC. Sunshine Sport's Bar and Grill is a part of a franchise which in turn makes it part of a corpor ... be observed because they are important aspects of business organizations in general.Corporation and LLCCorporation and LLC's are part of the same family, in fact a LLC is a hybrid of a corporation in ...

(9 pages) 69 0 0.0 Jun/2009

Subjects: Businesss Research Papers

Entity Business Plan

chosen for my business venture is called a single member limited liability company. When forming SMLLC's requires no forms to be filled out in order to start, an Articles of Organization must be file ... turns. A single member or partners are liable only for debts equal to the investment contributed. SMLLC's are changed to LLC's when more than one partner is involved allowing everyone to participate a ...

(4 pages) 143 1 5.0 Aug/2009

Subjects: Businesss Research Papers > Management

Limited Liability Corporations verses Corporations

Proprietor, Partnership, Corporation, Limited Liability Partnership and Limited Liability Company (LLC). A LLC is not considered a business style instead; an LLC is considered a business entity becau ... ered a business entity because it is the combination of advantages from two other business styles. (LLC Information, 2009). With Corporations and Partnerships, being the business style of so many succ ...

(5 pages) 33 0 5.0 Aug/2009

Subjects: Businesss Research Papers

Entity Business Plan

n be taxed as a corporation (Quick MBA, 2007).Limited Liability CompanyLimited liability companies (LLC) are unincorporated business entities which combine the "most favorable attributes of general pa ... butes of general partnerships, limited partnerships, and corporations" (Cheeseman, 2007, p. 367). A LLC is co-owned by two or more parties and state filing is required in all states. A LLC must file a ...

(8 pages) 62 0 0.0 Oct/2009

Subjects: Businesss Research Papers > Management > Management Planning & Decision Making

Limited Liability Corporation and Limited Liability Partnership

. Common forms of business structures include sole proprietorships, limited liability corporations (LLC's), limited liability partnerships (LLP's), public and privately held corporations, and franchis ... life of its own and does not dissolve when ownership changes" (SBA.Gov).Limited Liability Company (LLC)A limited liability company, also called LLC, has the characteristics of both a corporation and ...

(4 pages) 74 1 4.4 Nov/2009

Subjects: Businesss Research Papers > Accounting

Limited Liability Corporation and Limited Liability Partnership

. Common forms of business structures include sole proprietorships, limited liability corporations (LLC's), limited liability partnerships (LLP's), public and privately held corporations, and franchis ... life of its own and does not dissolve when ownership changes" (SBA.Gov).Limited Liability Company (LLC)A limited liability company, also called LLC, has the characteristics of both a corporation and ...

(4 pages) 22 0 0.0 Feb/2010

Subjects: Businesss Research Papers

Entity Business Plan

business organizations that exist: general partnership, sole proprietorship, limited partnership, (LLC) limited liability Company, corporation, an S-corporation, or a franchise. Choosing the type tha ... ility of ownership, it can be taxed as a corporation (Quick MBA, 2007).Limited liability companies (LLC) are unincorporated business entities which combine the "most favorable attributes of general pa ...

(8 pages) 39 0 0.0 Mar/2010

Subjects: Businesss Research Papers

Entity Business Plan

business organizations that exist: general partnership, sole proprietorship, limited partnership, (LLC) limited liability Company, corporation, an S-corporation, or a franchise. Choosing the type tha ... ility of ownership, it can be taxed as a corporation (Quick MBA, 2007).Limited liability companies (LLC) are unincorporated business entities which combine the "most favorable attributes of general pa ...

(9 pages) 30 0 0.0 May/2010

Subjects: Businesss Research Papers > Marketing

Limited Liability Corporation and Limited Liability Partnership

Running head: LLC and LLP 1 LLC and LLP � PAGE \* Arabic \* MERGEFORMAT �2� Limited Liability ... f I were establishing my own business.Limited Liability CorporationA limited liability corporation (LLC) exhibits characteristics of corporations and partnerships. A limited liability corporation can ... ationals or other companies (Answers, 2010).Although a "few types of businesses generally cannot be LLCs, such as banks and insurance companies" (IRS, 2009, para. 3), many other companies operate as s ...

(4 pages) 21 0 0.0 Jan/2011

Subjects: Businesss Research Papers

Limited Liability Corporation and Partnership

n the owners involved. To be protected from this the owners have the limited liability corporation (LLC) and the limited liability partnerships (LLP). Discussed further will be the difference in both ... in both and how they are involved in business decisions.Limited Liability CorporationWhen forming a LLC the owner much file all of the proper paperwork and pay the required fees in whichever state the ...

(2 pages) 0 0 0.0 Jan/2014

Subjects: Businesss Research Papers > Accounting

Limited Liability

nd operational flexibility of a partnership (Small Business Administration, .n.d). The owners of an LLC are called members which can consist of one owner, two or more owners, and corporations. An LLC ... rporations. An LLC does not have to pay taxes. All profits are passed through to each member of the LLC. Each member can claim their profits on their individual tax returns like in a partnership. As a ...

(3 pages) 0 0 0.0 Oct/2014

Subjects: Businesss Research Papers > Management