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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 ]
For example, in Delaware LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware, while in Florida, Hawaii and Kentucky the election is made in the certificate of a limited partnership). Not all states presently allow business entities to form as LLLPs. [2]
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.
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
LSC Communications is an American commercial printing company based in Chicago, Illinois, [3] and, as of December 2020, a fully-owned subsidiary of Atlas Holdings. [4] The company was established in 2016 as part of a corporate spin-off from RR Donnelley. [5] It owns the publishers Research & Education Association and Dover Publications.
Also in January 2001, McHenry Eby-Brown merged with Eau Claire Eby-Brown. The Orlando, Florida location was closed in December 2005. In January 2008, the commissary operations in Springfield, Ohio expanded into a new company called NewFreshCo Foods LLC. The new company is a wholly owned subsidiary of Eby-Brown LLC.
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