Limited Liability Company (LLC)
GPTKB entity
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
|