Ebay question? |
| What happens to someone who doesn't or cant pay for a item they won or bought?... |
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How much money is inside a typical bank of america branch at any given time? |
| just out of curiosity. always wondered. i know someone who was once a teller said there were times when her drawer alone had 20k.... |
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Slight personnel issues? |
| im having trouble finding a workforce that is willing to go to moscow in the winter, i offer a painful end to those that dont, what else can i do to motivate my people?... |
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Does UPS deliver when it snows? |
| I have a package thats supposed to be delivered today, but it snowed about 4 - 6 inches. Does UPS deliver when it snows this much. Im in CT so if your wondering how the snow fall was you ... |
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Does fed ex deliver on saturdays ? |
| does fed ex deliver on saturdays ? (residential)... or just mon-fri ?... |
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Should I work hard for 10 dollars an hour? |
| The job I work at wants to raise productivity. So they are cracking down on us workers. They want us to pick orders faster with less mistakes. Work 60 hours a week and never call in or be late. They ... |
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If you hate Wal-Mart sooooo much, why do you continue to shop there? |
| As a Wal-Mart employee, I constantly hear people say how much they hate the store and the corporation. Yet, there they are in front of me, making a purchase at said store. I don't quite ... |
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Does this sound like a scam? I got a letter in the mail saying I could win $2.1 million, but I have to...? |
... their magazines which are $1.29 a week, I get 5 magazines but i also get two diamond watches. its a 2 year agreement and i can cancel anytime.
what does this sound like to you??
<... |
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Why are the Wal-Mart prices low? Tell me the four main points for one of my research project.? |
| Wal-Mart prices are always low. I wanted to know the reasons for it. How is it possible for Wal-Mart to sell better quality goods at lower prices. Do write if you have any clue. Thank you.... |
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Amazon.com ?!?!? |
| I ordered a package off of amazon and on usps.com it says it was delivered today febuary 4, 2008. But of course i didnt get any package today, what does this mean will it probaly just get it ... |
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Is it weird to like stores like Wal-mart and CVS? |
| i mean for things like the kind of store that has like everything that you need for such a low price. like if you need to stop by to get something you missed. these to stores have everything. they ... |
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Tesco query? |
I brought an item from Tesco but found out that the person I brought it for has one already.
I dont have the receipt, can I get Tesco vouchers instead do you thinK? Additional D... |
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Shell Oil's obscene profits? |
| Doesn't record profits by Shell prove that the oil companies are abusing their almost monopolistic position, and justify that European governments consider steps to be taken to curb their ... |
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mistergrant06 | What is a LLC? |
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Mark S
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A limited liability corporation doesn't have all of the privileges and responsibilities of a full corporation. It's a good choice if you don't want to offer stocks, for example.
Below is a good summary of the differences. |
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TERRYTOONS
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Like the other posters have stated LLC stands for "Limited Liability Company". They can operate as a sole proprietor, partnership or corporation.
Limited liability is a concept whereby a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership.[1] By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).
Although a shareholder's liability for the company's actions is limited, the shareholder may still be liable for its own acts. For example, the directors of small companies (who are frequently also shareholders) are frequently required to give personal guarantees of the company's debts to those lending to the company. They will then be liable for those debts in the event that the company cannot pay, though the other shareholders will not be so liable. |
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Noone i
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Limited
Liability
Corporation |
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boastful_life
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"Limited Liability Company" for example, Fox Paine Management. L.L.C. |
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?
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Like a corporation, a limited liability company or an LLC, is a separate and distinct legal entity. This means that an LLC can obtain a tax identification number, open a bank account and do business, all under its own name. The primary advantage of an LLC is that its owners, known as members, are not personally liable for the debts and liabilities of the LLC. For example, if an LLC is forced into bankruptcy, the members will not be required to make up the difference with their own money. If the assets of the LLC are not enough to cover the debts and liabilities, the creditors cannot look to the members, managers or officers for recovery.
An LLC can be taxed either as a "pass-through" entity, like a sole proprietorship or partnership, or as a regular corporation. By default, an LLC is taxed as a pass-through entity, and the owners of the LLC are not subject to double taxation. This is different from a regular corporation, which pays a corporate tax on its net income (the first tax). Then, when the corporation distributes profits, the stockholders pay income tax on dividends (the second tax). With an LLC, the profits "pass through" to the owners who pay taxes at their individual tax rates.
To learn more and speak with a representative, please call us at (888) 381-8758. We are happy to answer any questions you may have. |
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Mike L
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Limited Liability Corporation
To put it simply, this type of business is used frequently when a very small group of owners want to lessen their financial risk. |
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Anniekd
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Limited Liability Company. www.swlearning.com/blaw/jennings/realest... says, "Business entity that is a cross between a corporation and a partnership." |
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dadcat00759
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Limited liability company |
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jodman01us
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Limited Liability Corporation
a legal form of business company offering limited liability to its owners. It is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller companies with a limited number of owners. Unlike a regular corporation, a limited liability company with one member may be treated as a disregarded entity, so the member is often singled-out as a person performing the actions of the LLC. A limited liability company with multiple members may choose, generally at the time that the new entity applies for a US federal taxpayer. |
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