What does the initials LLC mean?
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limited liability company
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I believe it means:\n\nAutomatic\nTeller\nMachine
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LP stands for Limited Partnership. LTD stands for Limited and is used by corporations
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The article "LLCs vs. C Corporations" http://www.powerhomebiz.com/vol97/llcs.htm shows the differences and similarities between the two legal structures.\n\nOther articles that can help you decide the best legal structure for your business can be found at: http://www.powerhomebiz.com/startup/legal.htm\n\nStarting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck. \n\nSome things you need to consider:\n- "How can I support my family while I build up by business?" \n- "What are my abilities?" \n- "Is there a market for the product or service I have chosen?" \n- "How long will it take this business to reach the financial goal I have?" \n\nYou may want to read the article "How to Start a New Business Successfully" http://www.powerhomebiz.com/vol51/launch.htm , which lists six steps to launch a new business successfully:\n\n1. Provide a benefit.\n2. Determine the fit with your market.\n3. Right timing is everything\n4. Be ready to support your business\n5. Develop a blueprint for success\n6. Market, market, market\n\nI recommend that you read the following books:\n\n- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs \n- Starting From Scratch: How To Start A Business When You Don't Have Money \n- If You're Clueless About Starting Your Own Business and Want to Know More \n- On the Move : How to Succeed and Survive As an Entrepreneur \n- How to Make 1000 Mistakes in Business and Still Succeed \n\nYou may also want to read the articles:\n\nHow to Start a Successful Consulting Business http://www.powerhomebiz.com/vol83/consulting.htm\nSeven Keys to Building a Profitable Consulting Business http://www.powerhomebiz.com/vol5/consulting.htm\n\nAlso check out the following consulting specific books to help guide you as you start your consulting business\n\n- Getting Started in Consulting \n- The Consultant's Quick Start Guide: An Action Plan for Your First Year in Business \n- How to Make It Big As a Consultant \n- The Seven Cs of Consulting: Your Complete Blueprint for any Consultancy Assignment \n- Million Dollar Consulting, New and Updated Edition: The Professional's Guide to Growing a Practice
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if the names are the same, you will see inc., ltd, etc. simular spelling is allowed as it sounds the same, but spelled differantly. just as in computer talk, u is you. sounds the same, but spelled differant. in our state there are two orphanages. one is the childrens home, the other is the chilrens house. if the state of corporations in your state says the name is taken, ask to speak to a supervisor as that the spelling is differant. if not and you use it, you could and will get sued and costs to change to another name is alot. if you get a small office attorney for a small fee to research it and if they tell you its ok, then the liablity lies with the attorney if something comes up. many attorneys have a price of 150.00 to inc. and it includes everything. by inc., you protect yourself and your assests. as a owner, you can lose everything, but as a corporation, you can dump it and your personal is protected. plus you can be everything under a corp. ceo, sec., tres, etc.
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Hey, my initials are "BL", does that count?
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Company Name/Your Name (c) Year
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LLCs\n"Most people think that LLCs are probably the wave of the future," says Mark Luscombe, principal analyst for the federal and state tax group at CCH, an electronic and print publisher of tax and business legal information. "It's gradually supplanting other forms, except for companies that eventually are interested in going public."\n\nAdvantages: LLCs, like corporations, provide business owners with liability protection. That is, debtors will go after company assets, not your personal assets. That's a step up from partnerships and sole proprietorships when your personal assets may be used to settle a business debt. Unlike corporations, LLCs don't suffer from double-taxation, in which the corporate entity is taxed and then its shareholders' dividends are taxed as well. This benefit applies to LLCs that are classified as partnerships for tax purposes. An LLC tax preparer simply checks a box on his or her federal return to indicate how the organization will be taxed. Some states' tax laws mirror the federal government's treatment of LLCs.\n\nEarnings and losses pass through to the owners and are included on their personal tax returns. There's also less paperwork involved with running an LLC than a formal corporation: "No year-end minutes, no notification of shareholders of meetings and so on," says Dan Zabludowski, a partner with the law firm of Litow, Cutler & Zabludowski, an LLC with offices in Coral Gables and Fort Lauderdale, Fla.\n\nFinally, LLCs are the most flexible when it comes to organization. For example, there are fewer rules regarding who can be a shareholder. They also tend to be more informally run than a regular corporation.\n\nDisadvantages: Tax liability for an LLC varies by state. So if your company is going to operate in several different states, you'll have to know how they treat LLCs before electing to choose this type of corporate structure. An LLC also can't go public, so if you're the owner of a dot-com that envisions an initial public offering down the road, incorporation is a better route to take. Otherwise, you'll have to switch your company from being an LLC to being a corporation. That can add to the cost of your IPO.\n\nLawyers, who are less familiar with the newer LLCs than regular incorporation, also may charge more for helping you form an LLC than another corporate structure.\n\nThe cost of launching an LLC also varies by state. Some states charge more for a LLC than to incorporate, some charge less and some charge the same rate regardless of what form of corporate structure that you choose. A few states even charge special annual fees for LLCs. Finally some states require two or more partners for an LLC so if you're going into business solo, this business format is not for you.\n\nIncorporations\nA new business can form a C corporation or an S corporation. According to some press reports, the number of S corporations that are sprouting is actually surpassing the formation of C corporations in part because of the advantages inherent with S corporations. Most businesses just starting out will opt for the S classification.\n\nAdvantages: Unlike LLCs, both S corporations and C corporations can go public. For that reason, venture capital companies prefer to work with corporations rather than with LLCs. S corporations, like LLCs, don't suffer from double taxation. C corporations may face double taxation, but they can have incentive stock option plans.\n\nDisadvantages of corporations: As mentioned previously, C corporations face double-taxation, but S corporations also have drawbacks. Their chief disadvantage is that the number of shareholders that an S corporation can have is capped at 35, according to Zabludowski. In addition, there are limitations on who can be a shareholder in an S corporation, adds Simon Lincoln, a solo law practitioner in New York City. "S corporations can't have a corporation or a fo
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LLC with C-Corp as organizer. Double protection, best limit of liability since you will have guests/customers on your property.
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It sounds like you're wanting to know who owns that slogan. If it's been registered as a Federal trademark, check with the USPTO.\n\nHope that helps! I wish you much success & happiness in all your ventures!
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A Limited Liability Company (LLC) has characteristics of a corporation and a partnership. An LLC allows its owners not to be personally liable for debts or liabilities of the business like a corporation, but have the tax benefits of partnerships. The owners of an LLC are called members which are somewhat analogous to shareholders. A member can be a natural person, a corporation, a partnership, or another legal association or entity. Unlike corporations or sole proprietorships, which may be formed by only one person, in most states, LLC's must be formed and managed by two or more members. The members may run the LLC themselves or through appointment of managers, who have similar levels of fiduciary duty to the LLC as do Directors of a corporation.\n\nLLCs are easier to create than corporations and forming one may be the best thing you can do for your business.   Here are the steps you need to take to make your LLC a legal reality.\n   1. Choose an available business name that complies with your state's LLC rules.\n   2. File formal paperwork, usually called articles of organization, and pay the filing fee (ranging from about $100 to $800, depending on your state's rules).\n   3. Create an LLC operating agreement, which sets out the rights and responsibilities of the LLC members.\n   4. Publish a notice of your intent to form an LLC (required in only a few states).\n   5. Obtain licenses and permits that may be required for your business.\n\nThe name of your LLC must comply with the rules of your state's LLC division. (Typically, this office is combined with the corporations division, and is part of the secretary of state's office.) While requirements differ from state to state, generally:\n    * the name cannot be the same as the name of another LLC on file with the LLC office\n    * the name must end with an LLC designator, such as "Limited Liability Company" or "Limited Company," or an abbreviation of one of these phrases (such as "LLC," "L.L.C.," or "Ltd. Liability Co."), and\n    * the name cannot include certain words prohibited by the state, such as Bank, Insurance, Corporation or City (state rules differ on which words are prohibited).\n\nYour state's LLC office can tell you how to find out whether your proposed name is available for your use. Often, for a small fee, you can reserve your LLC name for a short period of time until you file your articles of organization.\n\nAfter settling on a name, you must prepare and file "articles of organization" with your state's LLC filing office. While most states use the term "articles of organization" to refer to the basic document required to create an LLC, some states use the term "certificate of formation" or "certificate of organization."\n\nOne disadvantage of forming an LLC instead of a partnership or a sole proprietorship is that you'll have to pay a filing fee when you submit your articles of organization. In most states, the fees are modest, typically around $100. In a few others, they take a bigger bite: this includes California, which charges an $800 annual tax on top of its filing fee.\n\nArticles of organization are short, simple documents. You can usually prepare your own in just a few minutes by filling in the blanks and checking the boxes on a form provided by your state's filing office. Typically, you must provide only your LLC's name, its address, and sometimes the names of all of the owners, called members. Generally, all of the LLC owners may prepare and sign the articles, or they can appoint just one person to do so.\n\nYou will probably also be required to list the name and address of a person, usually one of the LLC members who will act as your LLC's "registered agent," or "agent for service of process." Your agent is the person who will receive legal papers in any future lawsuit involving your LLC.\n\nOper
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Wow people ask this question alot.\n\nA limited liability company issues membership interests and has members where a corporation issues stock and has stockholders. \n\nAn LLC is either run by its members or managers but may, if its LLC agreement specifies, have officers. A corporation always has a board of directors and officers.\n\nA corporation's structure is dictated by its articles and by, usually a well established body of law in the state of its formation's statutes and case law. An LLC is usually governed mostly by its operating agreement because the LLC statutes give LLCs great flexibility in management and economic flexibility.\n\nAn LLC is taxed as a partnership if it has 2 or more members and is disregarded as an entity if it only has 1 member, whereas, unless you make an S-corp. election, a corporation pays tax separately from its owners (hence the double tax issue).\n\nLLCs are generally chosen for either their tax advantages over corporations and their greater flexibility in economic and managerial structures.
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Your lawyers office.  An LLC is not something that is registered with the government.  You don't file articles of incorporation or anything.  What you do is draw up some paperwork with your lawyer (make sure he is a specialist in LLC).  Then you follow certain procedures for how you store assets, pay bills (especially money to yourself) etc.  You also file a few things with the IRS depending on how you are taking your income.\n\nAn LLC is a vehicle to protect people's assets in a joint business venture.  You need to do more than just fill out some paperwork.  You need to consult with a specialist to make sure everything was done right.  You do this for two reasons.  The first is to avoid disastrous problems with the IRS.  The other is to make sure your LLC holds up, in the event, God forbid, you are sued.
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Here's what Nolo has to say:\n\nPartnership: "a partnership is simply a business owned by two or more people that hasn't filed papers to become a corporation or a limited liability company (LLC). No paperwork needs to be filed to form a partnership -- the arrangement begins as soon as you start a business with another person"\n\nLLC: "LLCs are similar to corporations because they also provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business income on their personal tax returns."\n\nI listed the link to the entire article below.\n\nHope that helps! I wish you much success & happiness in all your ventures!
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It stands for original equipment manufacturer. Basically it means that whatever the item was, it was bought in bulk. The only real difference between oem and retail products is that oem stuff comes in very plain packaging.
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GmbH is a German Company \nPLC is a British Company\n\nYou will see these letters used after the company name like Inc. is used for companies in the US.
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Could you clarify your question just a bit, please? Where did you see these initials?