Limited Liability Companies

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instanceOf gptkb:public_company
gptkbp:abbreviation LLC
gptkbp:businessModel hybrid
gptkbp:can_convert_to gptkb:company
gptkb:organization
gptkbp:can_elect corporate taxation
gptkbp:can_enter_into contracts
gptkbp:can_sue_or_be_sued in their own name
gptkbp:canBe non-profit
for-profit
foreign members
corporate members
multi-member
single-member
multiple members
series LLC in some states
single member
trust members
gptkbp:canBeManagedBy members
managers
gptkbp:combines gptkb:company
gptkb:organization
sole proprietorship
gptkbp:dissolved state action
members' decision
gptkbp:existsIn many countries
gptkbp:first_recognized_in 1977
gptkbp:formedBy filing articles of organization
https://www.w3.org/2000/01/rdf-schema#label Limited Liability Companies
gptkbp:not_allowed_for certain professions in some states
gptkbp:not_required_to hold annual meetings
keep extensive records
gptkbp:originatedIn gptkb:Wyoming,_USA
gptkbp:owners_called members
gptkbp:owns prop
gptkbp:popularFor gptkb:United_States
gptkbp:provides limited liability protection
gptkbp:regulates gptkb:state_order
gptkbp:subject annual reports
operating agreement
self-employment tax
state filing fees
franchise taxes in some states
gptkbp:taxStatus pass-through
gptkbp:usedFor small businesses
joint ventures
real estate holdings
family businesses
gptkbp:bfsParent gptkb:LLCs
gptkbp:bfsLayer 7