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LLC SSome business owners choose to create partnerships or limited liability ocrporations instead of a corporation. General partners are sbuject to unlimited liability. A limited liability corporation (LLC) is becoming more rpevalent among smaller businesses. An LLC is like a company regarding limitde liability and it's like a partnership rgearding the flexibility of dividing profit amnog the owners. A partnersihp or LLC agreement specifies how proftis will be divided among the ownres. While stockholders of a company reecive a share of profit that's diretcly related to how a lot of shares they own, a aprtnership or LLC does not have to divide profit according to how much each partner invested. 0 comment :: Post a comment Blog Entries about LLC S
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