Business Entities

What is the difference between limited liability company and unlimited liability company? Limited liability means the business owners’ liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes. Read more on smallbusiness.chron.com Limited liability companies (LLCs) and … Read more

What is the best name restaurant? The Best Restaurant Names The Burning Brownie. Meat You There. Signature Cuisine. Oh My Grill. Emerald Grill. Full Moon. The Golden Era. Texas Steakhouse. Read more on czechtheworld.com There are countless options available when naming a restaurant. While some eateries go with clear and uncomplicated names, others prefer imaginative, … Read more

Can I change my partnership to an LLC? The simplest way to change a partnership to an LLC is a statutory conversion, which allows you to convert a partnership into an LLC while you form the LLC. This will involve forming a new LLC, dissolving your partnership, and transferring your partnership’s assets and liabilities into … Read more

Why do businesses become LLC? If you are just starting your business or have already been operating as a sole proprietor, you should consider forming an LLC. LLCs limit an owner’s personal liability for business debts and lawsuits and offer a lot of flexibility when it comes to ownership, management, and taxation of the business. … Read more

What is the difference between LLC and series LLC? A series LLC is a regular business LLC that is set up to hold several properties or interests underneath one LLC. A restricted LLC, on the other hand, is a vehicle created to transfer assets within a family and is not meant for doing business. Read … Read more

What is a 2 member LLC? A two-member LLC is a multi-member limited liability company that protects its members’ personal assets. Many business owners form LLCs because this structure has fewer ownership restrictions and protects their personal assets from business liabilities. Read more on www.upcounsel.com A limited liability corporation with two members is a form … Read more

Are film production companies LLC? The LLC: For most independent filmmakers, a limited liability company is the best choice for forming a film production company. It can be taxed as either a corporation or a partnership, and its operating agreement is more flexible that corporate bylaws for structuring the film company’s operations. Read more on … Read more

What is an LLP vs LLC? An LLC offers personal liability protection from any debts or lawsuits filed against the business for all individual members. With an LLP, partners are personally liable, but only for their own negligence. This means that one partners is not held responsible for the actions of another partner. Read more … Read more

Is Google an LLC or INC? In 2015, Google was reorganized as a wholly-owned subsidiary of Alphabet Inc.. Google is Alphabet’s largest subsidiary and is a holding company for Alphabet’s Internet properties and interests. Google. Logo since 2015 Google’s headquarters, the Googleplex Formerly Google Inc. (1998?2017) Type Subsidiary (LLC) 11 more rows Read more on … Read more

Is it better to be Inc or LLC? Both types of entities have the significant legal advantage of helping to protect assets from creditors and providing an extra layer of protection against legal liability. In general, the creation and management of an LLC are much easier and more flexible than that of a corporation. Read … Read more