Limited Liability Company (LLC)
GPTKB entity
AI-created image
Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:public_company
|
| gptkbp:abbreviation |
LLC
|
| gptkbp:canBe |
real estate investments
disregarded entity (for tax purposes) holding companies manager-managed member-managed multi-member operating businesses single-member taxed as C corporation (if elected) taxed as S corporation (if eligible) |
| gptkbp:canBePossessedBy |
prop
|
| gptkbp:canElectToBeTaxedAs |
gptkb:company
|
| gptkbp:canEnterInto |
contracts
|
| gptkbp:canSueAndBeSued |
in its own name
|
| gptkbp:characteristic |
flexible management structure
limited liability pass-through taxation |
| gptkbp:compatibleWith |
gptkb:company
gptkb:organization sole proprietorship |
| gptkbp:dissolved |
members
state action |
| gptkbp:distinctFrom |
its members
|
| gptkbp:firstReleased |
1977
|
| gptkbp:formedBy |
filing articles of organization
|
| gptkbp:governedBy |
operating agreement
|
| https://www.w3.org/2000/01/rdf-schema#label |
Limited Liability Company (LLC)
|
| gptkbp:isCommonlyUsedIn |
gptkb:United_States
|
| gptkbp:isNotRequiredTo |
issue stock
|
| gptkbp:isTaxedAs |
partnership (if multi-member)
sole proprietorship (if single-member) |
| gptkbp:mayInclude |
foreign members
different classes of membership interests domestic members one or more members |
| gptkbp:offers |
protection from personal liability
|
| gptkbp:originatedIn |
gptkb:Wyoming,_United_States
|
| gptkbp:popularFor |
startups
small businesses |
| gptkbp:recognizedBy |
gptkb:United_States
various countries |
| gptkbp:regulates |
state law (in the US)
|
| gptkbp:requires |
annual reports
annual fees |
| gptkbp:subject |
self-employment tax (in the US)
state-specific rules |
| gptkbp:bfsParent |
gptkb:Emerson_Collective
|
| gptkbp:bfsLayer |
3
|