Limited Liability Company Definition With Example
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FAQ
Punctuation It should be treated as part of the business name and not separated by punctuation. For example: Correct: "ABC Company, LLC, is a leading provider of IT services." Incorrect: "ABC Company, LLC, is a leading provider of IT services."
Examples of limited liability companies LLCs can be individuals or global corporations such as Pepsi-Cola, Sony, and Nike. LLCs owned by individuals are known as single-member LLCs. They are taxed in the same way as sole proprietorships.
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
25% LLC names must include ?LLC? in the name. ... Don't imply you're a different type of enterprise. ... Don't mislead the public. ... The name must match your business's purpose.
Quora, Google, Facebook, Apple (corporations) and BP, Barclays Bank, Burberry,Diageo and GlaxoSmithKline (public limited companies) are all examples of limited companies. If it's on a stock exchange, it'll be a limited company in some form.