Is it LLC or LLC?

Yes, a LLC, that is, a LLC that is member of a LLC, could theoretically make a distribution to its parent LLC. Although, where member(s) of the LLC that is a member of the "parent" LLC are also...

LLC stands for "limited liability company." The LLC is a relatively type of new business entity in the United States. Its owners have limited liability for the entity's debts and obligations, similar...

LLC stands for limited liability company. It's a type of business structure that, true to name, limits the amount of financial liability the owner faces. Most people who choose to create an LLC do so...

No. See related question link that explains the liability of an LLC.