A limited liability company can be defined as a corporation which is owned by a limited number of shareholders. The laws pertaining to creating a limited liability company are different in different states. Some general attributes of a limited liability company (commonly written as LLC) include: – * The board of directors is generally not needed. * The transfer of shares is usually limited. * There is only a sole proof of the.. Read More
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A limited liability company can be defined as a company, which combines the traditional partnership and corporate features. A California Limited Liability Company has members who have the same advantage related to limited liability as the shareholders of a corporation have. These members are taxed at a lower rate, similar to a partner in a partnership. Generally, a limited liability company is taxed either as a C corporation or an S corporation. But,.. Read More