Limited Liability Company (LLC) Notes: Definitions & Explanations PDF | Download eBooks
Study Limited Liability Company (LLC) lecture notes PDF with strategic management definitions and explanation to study “What is Limited Liability Company (LLC)?”. Study limited liability company (llc) explanation with strategic management terms to review strategic management course for online MBA programs.
Limited Liability Company (LLC) Definition:
A form of legal organization that's a hybrid between a partnership and a corporation.
Management by Stephen P. Robbins, Mary A. Coulter
Limited Liability Company (LLC) Notes:
A limited liability company (LLC) is the US-explicit type of a private constrained organization. It is a business structure that can join the go through tax assessment of an association or sole ownership with the constrained obligation of an enterprise. A LLC isn'T an enterprise under state law; it is an authoritative document of an organization that gives restricted risk to its proprietors in numerous purviews. LLCs are outstanding for the adaptability that they give to entrepreneurs; contingent upon the circumstance, a LLC may choose to utilize corporate expense leads as opposed to being treated as an association, and, in specific situations, LLCs might be sorted out as not-for-benefit. A restricted risk organization (LLC) is a cross breed legitimate element having certain attributes of both a company and an association or sole ownership (contingent upon what number of proprietors there are).
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