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Limited Liability Company. Limited Liability Partnership (LLP)

A limited liability company. It is created by an agreement of the owner/members. The members are liable only to the extent of their capital contributions. It provides many of the protections of a corporation. The LLC is not taxed at the business level, but "flows through" and the members are personally taxed.

Limited Liability Company. A form of business structure designed to combine the best of corporate and partnership attributes into one entity.

Limited Liability Company. A form of ownership, owned by its members, which is a separate legal entity that has continuity of life and is not dependent on any one member for maintaining its legal existence. An LLC is governed by a particular state's laws, however, in general it has the advantage that its members maintain limited liability while avoiding Double Taxation.

A Limited Liability Company is a relatively new and flexible business ownership structure. The LLC offers its owners the advantage of limited personal liability (like a corporation).

An acronym for "Limited Liability Corporation". This type of business organization protects the owners from being personally liable in the event that their company gets sued.

Limited Liability Company. A legal entity form that provides limited liability for its owners and may be taxed as a partnership. To create a limited liability company (LLC), Articles of Organization and the required fee must be filed with the state corporation authority (usually the Secretary of state). Unlike C corporations, the earnings of LLCs are not subject to “double taxation”.

Limited Liability Corporation – A Limited Liability Company (LLC) is a hybrid of a partnership and a corporation. LLCs closely resemble and are taxed like partnerships, but, like corporations, offer the benefit of limited liability. LLC owners are shielded from personal liability, and all profits and losses pass directly to the owners without taxation of the entity itself.

Limited Liability Company. A type of corporate filing providing similar benefits to and Incorporation. Limited liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships or S corporations

Limited Liability Company. Like a corporation the LLC, offers its owners the advantage of limited personal liability, but it also offers a choice of how the business will be taxed. The LLC can be taxed as a separate entity, similar to a corporation, or like a partnership where profits are passed through to partners and taxed on their personal income tax returns. The LLC is a fairly new and flexible business ownership structure and is popular with small businesses.

Limited Liability Company. LLCs combine the limited liability protection of a corporation and the pass-through taxation of a sole proprietorship or partnership. The downside to an LLC is that it does not offer the free transferability of ownership, perpetual existence, and the ability to be totally owned by a single individual.

Limited Liability Company. A form of ownership in which a separate legal entity is created, which is governed by a particular state's laws. An LLC has continuity of life and is not dependent on any one member for maintaining its legal existence. Its members and managers maintain limited liability and avoid Double Taxation.

Limited Liability Company. A hybrid entity that under state law is neither a partnership nor a corporation. It offers its owners (members) protection from personal liability for the debts of the business. It may have no more than 2 of the corporate characteristics and, by default, limited liability is usually one of them. An LLC pays no income tax because it passes its income through to the members. The business affairs are overseen by managers.

Limited Liability Company . a form of business organization existing as a separate legal entity. A LLC follows the terms of conditions set forth in an operating agreement and owners of LLC are referred to as members. LLC provide the limited personal liability of corporations and the pass-through taxation of partnerships or S corporations.

LIMITED LIABILITY COMPANY. the restriction of one's potential losses to the amount invested. The absence of personal liability. Provided to stockholders in a corporation and limited partners of a limited partnership.

Limited liability company. an ownership structure designed to limit the founders' losses to the amount of their investment. An LLC does not pay taxes, rather its owners pay taxes on their proportion of the LLC profits at their individual tax rates.

Limited Liability Company. A distinct type of business that offers an alternative to partnerships and corporations, by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation (earnings are taxed only once).

Limited Liability Company. A form of business entity that includes the beneficial tax attributes of both S Corporations and partnerships, but offers the limited liability of corporations. LLC members (owners) may participate in management without risking personal liability. There is no limit on the number of owners or on the type of owners, as with S Corporations. It is a statutory entity and must be formed under a specific state law.

limited liability company. LLCs are a relatively recent form of business organization. An LLC combines the most attractive features of limited partnerships and corporations. The members of an LLC enjoy the limited liability offered by a corporate form of ownership and the tax advantages of a partnership. In addition, the LLC offers flexible management structures without the complicated requirements of S corporations or the restrictions of limited partnerships. The structure and methods of establishing a new LLC, or of converting an existing entity to the LLC form, vary from state to state. ( See corporation , partnership )

LIMITED LIABILITY COMPANY. A form of business organization that offers the beneficial tax status of a partnership while providing its members limited liability.

Limited Liability Company. A statutorily authorized, unincorporated entity that provides corporate-like limited liability for its owners but is managed, in many respects, like a partnership.

Limited Liability Company. Members of Limited Liability companies enjoy the limited liability offered by corporations and the minimum requirements of an S corporation. Limited Liability Companies typically contain two or more members and must file articles of organization with the secretary of state, although single member LLCs are allowed in certain states.

Limited Liability Company. A business entity formed upon filing articles of organization with the proper state authorities and paying all fees. LLCs provide the limited liability to their members, and are taxed like a partnership, preventing double taxation. LLCs can be formed in every state.

LIMITED LIABILITY COMPANY. A business structured so its owners are not personally liable for debts or other business liabilities, such as damages from lawsuits. LLCs are taxed similarly to partnerships, thus avoiding double taxation.

Limited Liability Company. A legal entity or business organization which can ... more

Limited Liability Company. An artificial entity created under and governed by the laws of the jurisdiction in which it was formed. Limited Liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships or S-corporations.

Limited Liability Company. A legal entity that is not taxable itself and distributes the profits to its owners, but shields personal assets from business debt like a corporation.

Limited Liability Company - A company owned by "members" who either manage the business themselves or appoint "managers" to run it for them. All members and managers have the benefit of limited liability, and, in most cases, are taxed in the same way as a subchapter S corporation without having to conform to the S Corporation restrictions.

limited liability company. A legal entity that is a hybrid between a corporation and a partnership. The members (shareholders) enjoy limited liability as they would with a corporation, but the income of the LLC can be taxed to the members as if it were a partnership, corporation, or sole proprietorship.

See limited liability company.

Limited liability company. An entity recognized as a legal "person" that is set up to conduct a business owned and run by members

An abbreviation for "Limited Liability Company", and LLC is the most commonly used ownership entity for real estate. Qualified Intermediaries typically use LLCs as "Special Purpose Entities" to "park" property in an exchange. An LLC must file a tax return each year, and has a pass-through tax structure. See Reverse Exchange section in this site for more information...

Limited liability company. A hybrid entity that combines features of a corporation and. a partnership. The liability of LLC members is limited to the amount of their investment, as with a corporation. Income, however, passes through to members for income tax purposes, as with a partnership. State law usually permits an LLC to customize the distribution of cash and property and the allocation of profits and losses among its members. Also, an LLC member can materially participate in the LLC's business activities, so that income and losses passed through are considered active rather than passive. Also see “Corporation,” “Limited partnership,” “Loss,” “Partnership,” “Profit,” “Sole proprietorship,” and ‘Subchapter S corporation.'

Limited Liability Company. Hybrid business entity having features of both partnerships and corporations. If formed properly it will be taxed as a partnership and its members will enjoy limited liability like corporate shareholders.

Also sometimes called a limited liability corporation, a business entity that is between a sole proprietorship and a corporation from a tax and legal perspective.

Limited liability company. A legal structure that allows a business to be taxed like a partnership but function generally like a corporation. An LLC offers members (among other things) protection against liability for claims against the business that is not available in a partnership.

Limited Liability Company. A relatively new type of company, whose owners and managers receive the limited liability comparable to a corporation, but retain tax treatment similar to a partnership and flexibility to distribute profits based on factors other than strict share ownership.

Limited Liability Company. A relatively new form of business that provides a liability shield to an unincorporated entity. LLCs are less formal and may elect various tax treatments by filing a Form 8832. Most LLCs are not required to file a separate business tax return. LLCs have pass through tax treatment so the earnings are not subject to double taxation. Their flexibility has made LLCs an instant favorite for real estate development, trucking and airplane business, and many sole proprietor service businesses.

Limited Liability Company. Consists of member owners and a manager, at a minimum. Similar to a corporation that is taxed as a partnership or as an S-corporation. More specifically, it combines the more favorable characteristics of a corporation and a partnership. The LLC structure permits the complete pass-through of tax advantages and operational flexibility found in a partnership, operating in a corporate-style structure, with limited liability as provided by the state's laws.

LIMITED LIABILITY COMPANY. A corporate structure which may have the limited liability characteristics of a corporation and the tax pass-through characteristics of a partnership.

Limited Liability Company. An LLC provides company owners certain limited liability protection. LLCs may elect entity classification for Federal tax purposes (i.e., corporation, S-corporation, partnership, sole-proprietorship).

Limited Liability Corporation.  A favorite instrument for checkbook control.  However, another instrument may be more effective.

Limited Liability Company. A limited liability company is a business structure best described as a hybrid between a partnership and a corporation – a "pass through" of all profits and losses to the owners without taxation of the entity itself, as in a partnership, and a shield from personal liability, as in a corporation.

Limited Liability Company. An entity formed under state statute that has the legal characteristic of limited liability similar to that of a corporation, while it may qualify to be treated as a partnership for tax purposes.

limited liability company. Business structure that is popular with small businesses due to its offer of limited personal liability to its owners. The LLC can be taxed as a separate entity or as a partnership-like entity in which profits are passed through to partners and taxed on their personal income tax returns.

A new and flexible business organization that offers the advantages of liability protection with the simplicity of a partnership.

Limited Liability Company. An alternative to other business forms that combines the most favorable characteristics of a partnership and a corporation.

A relatively new form of corporate structure which combines some of the advantages of the "S" Corporation in terms of pass-through of income and losses avoiding double taxation, with some advantages of a "C" Corporation which allows greater latitude in who can be an owner.

LIMITED LIABILITY COMPANY. according to wikipedia.org is a legal form of business company in the United States offering limited liability to its owners.

limited liability company. a form of business entity now permitted by all states that is generally intended to provide the liability protection afforded to shareholders in a corporation, combined with the advantages of partnership taxation

imited iability orporation, a type of corporation. See NOLO Press, Ivan Hoffman.

Limited Liability Corporation — a type of corporate entity in the United States

Limited Liability Company. Form of doing business combining limited liability for all owners (called members) with taxation as a PARTNERSHIP. An LLC is formed by filing ARTICLES OF ORGANIZATION with an appropriate state official. Rules governing LLCs vary significantly from state to state.

Limited Liability Corporation. In contrast to the unlimited liability inherent in proprietorships as a form of business ownership, a limited liability corporation provides limited liability to each shareholder to the extent of invested capital.

Limited Liability Company. An form of organization that combinines the corporate advantages of limited liability with the partnership advantage of pass-through taxation.

limited liability company. A business ownership structure that offers its owners the advantage of limited liability (like corporations) and partnership-like taxation, in which profits are passed through to the owners and taxed on their personal income tax returns.

Logical Link Control. A sublayer of the IEEE data link layer that is located above the MAC sublayer. The LLC sublayer is responsible for MAC sublayer addressing, flow control, error control, and framing.

Logical link control, in the Data Link layer of the networking model.

Logical Link Control is responsible for acknowledged/unacknowledged data transfer. It provides a logical link between MS and SGSN.

A data link protocol based or HDLC, developed for LANs by the IEEE 802 Committee and consequently common to all LAN standards for Data Link OSI Layer Two transmission.

See: Logical Link Control

Logical Link Control. The upper portion of the datalink layer, as defined in IEEE 802.2. The LLC sublayer presents a uniform interface to the user of the datalink service, usually the network layer. Beneath the LLC sublayer is the MAC sublayer. See also: 802.x, layer, Media Access Control.

Logical Link Control is an interface that defines several common interfaces between higher-level protocols (for example, IP) and the networks they ride upon (for example, Ethernet, Token Ring, and others).

Logical Link Control. (Control de Enlace Lógico.)

Logical Link Control. A data-link standard defined by the Institute of Electrical and Electronics Engineers (IEEE) for use on Ethernet, token ring, FDD I, and certain other data links. At the physical level, these protocols include the 802.3 CSMA/CD protocol, the 802.4 token bus protocol, and the 802.5 token ring protocol. At the data-link level, you access these protocols through the IEEE 802.2 Logical Link Control (LLC) protocol.

Refers to Logical Link Control or Logic Link Control.

The ANSI FDDI standard that provides a common protocol between the MAC function in the data link layer and the network layer.

Logical Link Control. An Institute of Electrical and Electronics Engineers protocol for data link transmission control governing addressing, error checking, assemblage and exchange of data packets transmitted on a local-area network.

Logical Link Control. A protocol defined in the IEEE 802.2 standard for data-link-level transmission control. It is the upper sublayer of the IEEE Layer 2 (OSI) protocol that complements the MAC protocol. LLC is independent of any specific LAN technology.

(Logical Link Control): The LLC method allows multiplexing of multiple protocols over a single ATM VC. LLC headers are 3 bytes.

Logical Link Control. The upper sub-layer of the data link layer (Layer 2) used by all types of IEEE 802 LANs. LLC provides a common set of services and interfaces to higher layer protocols. Three types of services are specified: Type 1: Connectionless. A set of services that permit peer entities to transmit data to each other without the establishment of connections. Type 2: Connection oriented. A set of services that permit peer entities to establish, use, and terminate connections with each other in order to transmit data. Type 3: Acknowledged connectionless. A set of services that permit a peer entity to send messages requiring immediate response to another peer entity. This class of services can also be used for polled (master-slave) operation.

Logical Link Control. IEEE defined sublayer of the OSI link layer. The LLC handles error control, flow control, and framing.

Logical link control. In 802.x LANs, the 802.2 sublayer of the OSI reference model data link layer that provides data repackaging functions for operation between different network types; complements the media access control (MAC) sublayer. See also IEEE 802, DLL, MAC.

Logical Link Control. The upper portion of the datalink layer, as defined in IEEE 802.2.The LLC sublayer presents a uniform interface to the user of thedatalink service, usually the network layer. Beneath the LLCsublayer is the MAC sublayer. See also: 802.x, layer, MediaAccess Control. Logical Record

Logical Link Control. Higher of the two data link layer sublayers defined by the IEEE. The LLC sublayer handles error control, flow control, framing, and MAC-sublayer addressing. The most prevalent LLC protocol is IEEE 802.2, which includes both connectionless and connection-oriented variants. See also data link layer and MAC.

Logical Link Control. The IEEE 802.2 data link sublayer protocol which provides a common interface with higher protocol layers for Ethernet, token ring, and FDDI LANs.

Logical link control. Data-link layer protocol used on a LAN. LLC1 provides connectionless data transfer, and LLC2 provides connection-oriented data transfer.

logical link control. In a local area network, the protocol that governs the assembling of transmission frames and their exchange between data stations, independently of the medium access control protocol.