The advantages for customers who are connected to LLC find they have a choice of tax regimes by being offered the choice of being taxed as a sole proprietor, as a partnership, as an S corporation or a C corporation as long as they qualify for such tax preference.
LLC
Its not a scam, but it lacks in the customer service area and over charges all of its small customers.
The LLC in Indiana LLC stands for "Limited Liability Company". LLC companies blend corporate structure with partnership qualities.
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 member(s) of the parent LLC violate certain imputed fiduciary duties, the potential arises for unlawful self-dealing to occur.
LLC
an LLC owner.
Electric Supply LLC is based in Port Saint Lucie, Florida. City Electric Supply is a family owned electrical wholesale business dedicated to providing the best service and support for customers in the residential, commercial, and industrial markets since 1951.
Pershing LLC 0443 Pershing LLC/SL 5163 Pershing LLC/SL Int'l 5196
No LLC's do not have shareholders like corporations. LLC's have members which are similar to shareholders in a corporation.
A LLC is considered one of your assets. The LLC protects you from liabilities it assumes, but it doesn't protect the LLC from your liabilities. Therefore, if you declare bankruptcy, you could possibly lose your share of an LLC. At best, it would be difficult for you to get credit for the LLC, since the individual generally has to secure credit for the LLC.
No. See related question link that explains the liability of an LLC.
In taxation, Series LLC includes a master or umbrella LLC and other LLCs which are separated from each other for liability purposes. Each LLC has assets separate from the other, while the master LLC controls all the other LLC in the series.