Although Pepsi Cola is one of the most well-known drinks in the world, is it an LLC? Pepsi Cola is not an LLC, hence the answer is no. In reality, PepsiCo, Inc. is a publicly traded business with Delaware state incorporation. It is a global firm that deals in food, snacks, and drinks and has operations in more than 200 nations. The corporate offices of PepsiCo are in Purchase, New York.
Can an LLC be owned by only one person, one can possibly inquire? Yes, a single person may hold an LLC. A single-member LLC is the name given to this kind of LLC. For small business owners who desire the liability protection of an LLC but yet want to retain total control over their enterprise, it is a popular choice. In a single-member LLC, the owner is regarded as both the company’s owner and manager.
A sole proprietorship and a single-member LLC are equivalent, right? No, a single-member LLC and a sole proprietorship are not the same thing. Despite the fact that one individual is the owner of both business forms, a sole proprietorship does not have its own legal identity. This implies that any debts or legal problems resulting from the business are the owner’s personal responsibility. A single-member LLC, on the other hand, offers liability protection for the owner, separating personal assets from business assets.
What tax treatment do LLCs receive? LLCs are frequently taxed as pass-through entities, which means that the business’s gains and losses are distributed to the owners and reported on their individual tax returns. However, LLCs have the option of electing to be taxed like corporations if they so desire. The optimal tax categorization for their company should be determined by LLC owners in consultation with a tax expert.
Who, then, is the current CEO of Apple? Tim Cook is Apple’s current CEO. After Steve Jobs’s passing in 2011, he assumed the role of CEO. Cook has been with Apple for more than 20 years and has contributed significantly to its growth. Apple has continued to innovate and introduce new products under his direction, including the Apple Watch and AirPods. Cook has prioritized these concerns for Apple and is a supporter of environmental sustainability and human rights.
The query has nothing to do with the article’s heading. To address your question, Steve Jobs’ net worth was estimated to be around $10.2 billion at the time of his passing in 2011.