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A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . [ 1 ]
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
The First Constitution of the State of Louisiana. Baton Rouge: Published for the Historic New Orleans Collection by the Louisiana State University Press. ISBN 0-8071-0158-3. Palmer, Vernon Valentine (2012). Through the Codes Darkly: Slave Law and Civil Law in Louisiana. Clark, LA: Lawbook Exchange. ISBN 978-1616193263. Rault Jr., Gerard A. (1989).
Lawmakers repealed the 0.275% corporate franchise tax, a levy on businesses operating on the state worth more than $500 million in annual revenue that went to a state savings account.
A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [ 1 ]
Foreign corporation is a term used in the United States to describe an existing corporation (or other type of corporate entity, such as a limited liability company or LLC) that conducts business in a state or jurisdiction other than where it was originally incorporated. [1]
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