Major Companies that are LLCs: An Overview

Due to their adaptability and liability protection, Limited Liability Companies (LLCs) are a common corporate structure in the United States. A hybrid company known as an LLC combines the pass-through taxation of a partnership or sole proprietorship with the limited liability protection of a corporation to create the best of both worlds. Many significant businesses in the US, including some of the greatest brands in retail, technology, and entertainment, have opted to form as LLCs.

Google, which became an LLC in 1998, is one of the most well-known LLCs. Since then, the market leader in search has changed its structure to become a division of Alphabet, a holding company that also controls Google and other businesses. Alphabet, one of the biggest and most prosperous LLCs in the world, is also an LLC. Facebook, Dropbox, and Etsy are just a few other significant tech businesses that are LLCs.

LLCs are also typical in the entertainment sector. As an illustration, the well-known streaming service Netflix is an LLC. The business had its present business strategy as a streaming platform before it was incorporated in 1997 as a limited liability corporation. In a similar vein, HBO, the production firm behind popular TV shows like Westworld and Game of Thrones, is likewise an LLC.

Retail is another sector that commonly employs LLCs. In the same way that Whole Foods Market, a chain of grocers, is an LLC, so is the well-known outdoor apparel and equipment company Patagonia. Due to its numerous advantages, including limited liability protection and pass-through taxation, LLCs are also well-liked by small enterprises.

So, is YouTube an LLC or a corporation? The explanation is that YouTube is an LLC because it is a division of Google, which itself is an LLC. Since its establishment as an LLC in 2005, the video-sharing network has grown to become among the most prosperous and well-known LLCs in the world.

Finally, LLCs are a well-liked corporate structure for a variety of reasons, including liability protection and tax advantages. Google, Facebook, and Netflix are just a few of the well-known US corporations that have made the decision to form as LLCs. Additionally common among small firms and the leisure and retail sectors are LLCs. Since YouTube is a Google subsidiary, it is an LLC.