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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. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

  4. Do you need a financial advisor as a small business owner? - AOL

    www.aol.com/finance/financial-advisor-small...

    They can also provide information about different legal structures for your business, such as S Corp, LLC or incorporation. How you structure your business has long-term tax implications, so ...

  5. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    Company: In the Korean Commercial Act, a company is a corporation established for commercial activities or other for-profit purposes. A company comes into existence by registering its incorporation at the location of its head office. 합명회사; 合名會社; hammyeonghoesa : gōmei gaisha (Japan); corporation similar to a general partnership

  6. Small business owners must report by end of the year to avoid ...

    www.aol.com/small-business-owners-must-report...

    'People just create their own LLC and we don't know' Registering a home business with the secretary of state is a simple process for most. "I get new clients coming in all the time that already ...

  7. Uniform Limited Liability Company Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Limited_Liability...

    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.

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