Ads
related to: series llc texas cost of membership guide for nonprofits example pdf free- S Corp vs LLC Comparison
Main Differences Between S Corps &
LLCs for Starting a New Business.
- LLC - The Essentials
Learn More About the Most Popular
Business Entity for Entrepreneurs.
- Business Type Comparison
Compare Taxes, Protections, & More
Across LLC, Corps, Nonprofit, & DBA
- Pros & Cons of an LLC
Why This Popular Structure Could be
Best for Your New Business.
- LLC vs DBA - What's Best
We Break Down the Differences to
Help You Make the Right Choice!
- Best & Worst States List
Learn About Which States Offer the
Best New Business Opportunities.
- S Corp vs LLC Comparison
Search results
Results From The WOW.Com Content Network
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
A mutual-benefit corporation can be non-profit or not-for-profit in the United States, but it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [1] It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income ...
The ability for a member to transfer their interest or right to profit is often limited; however, members can contract otherwise within the operating agreement. A member's interest is separate from membership. This means that an individual can transfer their member's interest but remain a member of the L3C. [19]
But an LLC can also be a single-member LLC, organized by one individual. If that’s the case, the IRS treats the LLC as a “disregarded entity” unless it chooses to be treated as a corporation.
A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).