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2. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   An 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 corporation and ...

3. Partnership accounting - Wikipedia

   en.wikipedia.org/wiki/Partnership_accounting

   Partner A may decide to sell 25% of his equity to partner C. Partner B may decide to sell 50% of his equity to partner C. Partner C will own (15% + 20%) 35% of the partnership equity. Example 2. Assume now that there are three partners. Partner A owns 50% interest, Partner B owns 30% interest, and Partner C owns 20% interest.

4. Operating agreement - Wikipedia

   en.wikipedia.org/wiki/Operating_agreement

   In single-member LLC, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the individual owner and thus necessary so that the owner has documentation to prove that he or she is indeed separate from the entity itself.

5. Partner (business rank) - Wikipedia

   en.wikipedia.org/wiki/Partner_(business_rank)

   To become a partner is considered a significant career milestone. [3] Based on the role, tradition or local regulations partners may include the Managing partner/country partner – partner in charge of the day-to-day running of the business; Senior partner – partner of many years of service; Principal – partner who is not a CPA/CA

6. What is an LLC loan and how does it work? - AOL

   www.aol.com/finance/llc-loan-does-155938785.html

   How much does an LLC cost. LLC costs can vary. Each state charges a fee to file an LLC’s articles of organization. While most states keep filing fees between $50 and $200, an LLC filing fee is ...

7. Limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_partnership

   A limited partnership (LP) is a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts. [1] Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability.