Sunday
September 21, 2014

Homework Help: business law

Posted by praveen on Friday, April 27, 2007 at 12:46pm.

what does LLC means. I know the full form of it. I want to know your definition in simple english ( english is my 2nd language). I read the internet, i still dont understand it.

This seems like a simple definition:

"Business owners form a Limited Liability Company (LLC) to reduce their personal liability. If you operate as a sole proprietor or partnership, you are personally responsible for any business debts or lawsuits against your business. Nearly everything you own can be at risk.

"When you set up an LLC, you separate your business and personal identities. This helps protect your personal savings, your house, your car, etc. LLCs can also provide business owners with other benefits like tax savings."

From:
http://www.llc.com/


thank you Mr Sue :)

i mean Ms Sue sorry :o :)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

business - I am given a project to Develop and Incorporate a Business. I decided...
Business law course - I am given a project to Develop and Incorporate a Business...
english language - what are articles and how are they used in the english ...
English(its related to business writing class) - Hi I have to write Request ...
business - I am given a project to Develop and Incorporate a Business. I decided...
science - What is a simple definition for the 2nd law of Thermodynamics?
business - Is the LLC form of business the best legal form of business ...
english - Can someone check my english essay. 700 words. I have English as 2nd ...
Business - I need a little help understanding the Business Organization portion ...
reading articles in english - could you give me some advice how to read academic...

Search
Members