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Limited liability company |
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Limited liability company. Organizing a business enterprise as a limited liability company (LLC) under the laws of the state where it operates protects its owners or shareholders from personal responsibility for company debts that exceed the amount those owners or shareholders have invested. In addition, an LLC's taxable income is divided proportionally among the owners, who pay tax on their share of the income at their individual rates. The LLC itself owes no income tax. The limited liability protection is similar to what limited partners in a partnership or investors in a traditional, or C, corporation enjoy. The tax treatment is similar to that of a partnership or S corporation, another form of organization that's available for businesses with fewer than 75 employees. However, only some states allow businesses to use LLC incorporation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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to be converted today into a public company with limited liability, Amsterdam Molecular Therapeutics (AMT) Holding N. The issuer, a wholly-owned subsidiary of CEMEX Espana, is a private company with limited liability incorporated in the Netherlands. The issuer is a newly created Cayman Islands exempted company with limited liability. |
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