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(LLC)Limited Liability Companies

Different LLCs

Single-Member LLC:

A Single-Member LLC is a business structure where the LLC is owned and operated by one person. This structure provides personal liability protection for the owner, while also allowing for pass-through taxation and a flexible management structure. Single-Member LLCs are the most common type of LLC.

Multi-Member LLC:

A Multi-Member LLC is a business structure where the LLC is owned and operated by two or more people. This structure provides personal liability protection for the owners, while also allowing for pass-through taxation and a flexible management structure. Multi-Member LLCs are ideal for businesses with multiple owners or partners.

List Series LLC:

A Series LLC is a business structure that allows a single LLC to establish separate "series" or divisions, each with its own assets, liabilities, and members. This structure provides personal liability protection for each series, while also allowing for pass-through taxation and a flexible management structure. Series LLCs are ideal for businesses with multiple divisions or subsidiaries.

Low-Profit Limited Liability Company (L3C):

An L3C is a business structure that is designed for social enterprises or businesses with a charitable mission. This structure allows the LLC to generate revenue while also pursuing a social or charitable purpose. L3Cs are eligible to receive grants and donations from foundations and other charitable organizations.

Professional Limited Liability Company (PLLC):

A PLLC is a business structure that is designed for licensed professionals, such as lawyers, accountants, or doctors. This structure provides personal liability protection for the owners, while also allowing for pass-through taxation and a flexible management structure. PLLCs are subject to certain licensing requirements and regulations.

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