LLC

USA
Limited Liability Company. Not really a corporation, and not really a partnership; it's something different altogether. Most states require at least two people to form an LLC, but some states require only one. An LLC has limited liability (hence the name), and unlimited life ( i.e., the charter does not expire). In the United States, Corporations typically pay taxes, then distribute the profits via dividends, and the recipients must pay taxes on the dividends. An LLC allows for pass through taxation, which means that the income a company makes goes directly to the owners on their tax forms (even if the profits were not distributed). LLC's may have several different classes of stock. Company Extensions and Security Identifiers

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LLC LLC
written abbreviation for limited liability company

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   US company title: abbreviation of limited liability company.

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LLC UK US noun [C]
LAW ABBREVIATION for Limited Liability Company: a form of company in the US whose owners are not legally responsible for the company's debts if those debts are above a particular amount: »

State law requires LLCs to produce annual reports.


Financial and business terms. 2012.

Look at other dictionaries:

  • LLC — See: limited liability company Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc. Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

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  • LLC — is a three letter abbreviation that most commonly refers to:*Limited liability company, a flexible form of business enterprise that blends elements of partnership and corporate structuresLLC may also refer to:*Logical Link Control, in computer… …   Wikipedia

  • LLC — LLC: Limited liability company  соответствует понятию «Общество с ограниченной ответственностью» (сокращённо  ООО) в русском языке. Logical link control  означает подуровень управления логической связью в компьютерных сетях …   Википедия

  • LLC — Abreviatura de leucemia linfoide crónica. Diccionario Mosby Medicina, Enfermería y Ciencias de la Salud, Ediciones Hancourt, S.A. 1999 …   Diccionario médico

  • LLC — [ ,el el si ] abbreviation 1. ) Limited Liability Company: a type of corporation whose owners have LIMITED LIABILITY (=they are not legally responsible for all losses) 2. ) Logical Link Control: a part of a computer NETWORKING system …   Usage of the words and phrases in modern English

  • LLC — abbreviation of Limited Liability Company (see LIMITED (Cf. limited)) …   Etymology dictionary

  • LLC — (Limited Liability Company) n. business or company organized in such a manner that its owners and shareholders are not personally liable for debts or other business liabilities (such as damages from lawsuits) …   English contemporary dictionary

  • LLC — Die Abkürzung LLC steht für: das Netzwerkprotokoll Logical Link Control die englische Bezeichnung von Binnenstaat (Land Locked Country) die US amerikanische Gesellschaftsform Limited Liability Company die linguistische Fachzeitschrift Literary… …   Deutsch Wikipedia

  • LLC — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom.   Sigles d’une seule lettre   Sigles de deux lettres > Sigles de trois lettres   Sigles de quatre lettres …   Wikipédia en Français

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