limited liability companies (LLCs)

URI: https://gptkb.org/entity/limited_liability_companies_(LLCs)
GPTKB entity
Statements (51)
Predicate Object
gptkbp:instanceOf gptkb:public_company
legal structure
gptkbp:canBe domestic
multi-member
single-member
foreign
gptkbp:canBeConvertedFrom gptkb:company
gptkb:organization
gptkbp:canBeManagedBy members
managers
gptkbp:canBePossessedBy prop
gptkbp:canEnterInto contracts
gptkbp:canSueAndBeSued in its own name
gptkbp:characteristic flexible management structure
limited liability
pass-through taxation
gptkbp:convertedTo gptkb:company
gptkb:organization
gptkbp:createdBy gptkb:state_order
gptkbp:dissolved members
state action
gptkbp:elects C corporation taxation
S corporation taxation
gptkbp:existsInJurisdiction gptkb:United_States
https://www.w3.org/2000/01/rdf-schema#label limited liability companies (LLCs)
gptkbp:mayInclude individual members
foreign members
corporate members
one or more members
limited duration
perpetual existence
gptkbp:notAllowedFor banks
insurance companies
gptkbp:notRequiredToHold annual meetings
gptkbp:notRequiredToIssue gptkb:stock_market_index
gptkbp:offers protection from personal liability
gptkbp:originatedIn gptkb:Wyoming,_1977
gptkbp:popularFor startups
small businesses
real estate holdings
gptkbp:regulates gptkb:state_order
gptkbp:requires operating agreement
articles of organization
gptkbp:subject annual fees
self-employment tax
state reporting requirements
gptkbp:taxedAs gptkb:company
gptkb:organization
sole proprietorship
gptkbp:bfsParent gptkb:Foreign_Bank_and_Financial_Accounts_Reports_(FBARs)
gptkbp:bfsLayer 6