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LLCSLondon Lorry Control Scheme (London, UK)
LLCSLogical Link Control Sublayer
LLCSLake Linganore Conservation Society (New Market, MD)
LLCSLogical Link Control Security
LLCSLoch Lomond Celtic Society (Ben Lomond, CA)
LLCSLymphoepithelioma-Like Carcinoma of the Skin (dermatology)
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References in periodicals archive ?
LLCs are a popular choice of business form for both tax and nontax reasons.
You see those puzzling initials everywhere: LLC and LLP.
If attorneys or accountants are not familiar with LLCs, they will not recommend them.
Arguments that limited partnerships possess adequate characteristics and counter the need for LLCs are not sound.
LLCs make excellent vehicles for raising capital from outside and particularly from institutional investors seeking to improve their return through equity participation.
Because New York was one of the last states to permit the LLCs - California and Pennsylvania being two noteworthy holdouts - some accounting firms are already familiar with this kind of operation.
The big exception is for multimember LLCs that are "small partnerships." An LLC is a "small partnership" if it has 100 or fewer members and if all of its members are either individuals, the estates of deceased individuals, C corporations or S corporations.
Synopsis: A limited liability company (LLC) is a hybrid legal entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are).
Series LLCs are not commonly used because it is unclear whether the series liability shield will be respected in a nonseries state.
In other words, the members of multi-member LLCs can avoid SET/Medicare taxes on their LLC income only if, for starters, their LLC is "manager-managed"--i.e., if, under their operating agreement, the only members who can sign LLC contracts are members specifically authorized to do so.
Without the Series LLC structure, the current preferred method for segregating liabilities is the formation of multiple single-member LLCs owned by a parent LLC or multiple LLCs under common ownership.