- published: 24 Oct 2023
- views: 7946
-
remove the playlistLimited Liability Company
- remove the playlistLimited Liability Company
Limited liability company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs do not need to be organized for profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a very similar entity called a professional limited liability company (PLLC).
Overview
A Limited Liability Company (LLC) is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC, although a business entity, is a type of unincorporated association and is not a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation, and it is well-suited for companies with a single owner.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Limited_liability_company
KFT
KFT could refer to:
Companies and Organisations
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/KFT
W50
W50 may refer to:
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/W50
W50 (nebula)
W50 or SNR G039.7-02.0, sometimes referred to as the Manatee Nebula, is a Supernova remnant located in the constellation Aquila, about 18,000 light years away. In its centre lies the micro-quasar SS 433, whose jets are distorting the remnant's shell. Most likely W50 and SS 433 are related objects, remnants from a supernova which occurred about 20,000 years ago.
Notes
References
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/W50_(nebula)
W50 (nuclear warhead)
The W50 was an American thermonuclear warhead used on the MGM-31 Pershing intermediate range nuclear missile. It was also used on the LIM-49 Nike Zeus anti-ballistic missile, but this program was cancelled before deployment. The W50 was developed by the Los Alamos National Laboratory.
There were two major variants produced (Mod 1, Mod 2), in three yield options (the Y1 with 60 kiloton yield, Y2 with 200 kiloton yield, and Y3 with 400 kiloton yield). All variants were 15.4 inches (0.39 m) in diameter and 44 inches (1.1 m) long, weighing 410 pounds (190 kg).
The W50 used the Tsetse primary design for its first fission stage, along with several mid and late 1950s designs. The W50 is thought to have been the source of the W78 warhead's fusion second stage design.
The W50 was manufactured from 1963 through 1965, with a total of 280 being produced. They were retired from service starting in 1973 with the last units retired in 1991.
References
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/W50_(nuclear_warhead)
IFA
IFA may refer to:
Organisations
Academic institutes
Economics and finance
Sports
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/IFA
Ifá
Ifá is a religion and system of divination and refers to the verses of the literary corpus known as the Odu Ifá. Orunmila is identified as the Grand Priest, as he is who revealed divinity and prophecy to the world. Babalawo's use either the divining chain known as Opele, or the sacred palm or kola nuts called Ikin, on the wooden divination tray called Opon Ifá.
Ifá is practiced throughout the Americas, West Africa, and the Canary Islands, in the form of a complex religious system, and plays a critical role in the traditions of Santería, Candomblé, Palo, Umbanda, Vodou, and other Afro-American faiths, as well as in some traditional African religions.
History
The 16 principle system seems to have it earliest history in West Africa. Each Niger-Congo ethnic group has its own myths of origin; Yoruba mythology suggests that it was founded by Orunmila in Ile Ife when he initiated himself and then he initiated his students, Akoda and Aseda. Other myths suggest in the that it was brought to Ile Ife by Setiu, a Nupe man who settled in Ile Ife. Igbo mythology suggests that Dahomey Kings noted that the system of Afá was brought by a diviner known as Gogo from eastern Nigeria.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Ifá
Podcasts:
-
What is Limited Liability Company - Basics of LLCs
What is Limited Liability Company? Basics of LLCs and deep understanding of benefits of LLCs for starting your own Limited Liability company. Like, share and subscribe young entrepreneurs forum channel to get future videos. Watch more videos on LLC - https://www.youtube.com/playlist?list=PL1O57nCUQ-e9Tomhxg7EEu_Ne3xpwDaUZ #llc #limitedliabilitycompany #business Thanks for watching What is Limited Liability Company - Basics of LLCs.
published: 24 Oct 2023 -
What is an LLC ? - Limited Liability Company
*Forming your LLC?* Use our free guide or for convenience use a professional service, we have negotiated the best deals for you. Best Value Bundle Package for LLC formation is with Northwest ($29 + state fees) https://go.truic.com/46SvCNT 🔥Includes 1 FREE Year of Registered Agent Services Or, check out this $0 LLC solution from Tailor Brands: https://go.truic.com/3zyWhEt Consider this description box your one-stop-shop for free resources, how-to guides, and direct government links to help you start your business. If you use our discount links, we receive a small commission. This helps us continue to provide valuable information for free. Thanks for supporting our work! --------- What is an LLC and why is it so useful? LLC stands for Limited Liability Company, it is one of the most po...
published: 11 May 2019 -
What is Limited Liability Company? | Siju Rajan Legal
For Trademark Registration, Private Limited Company, LLP, OPC, ISO Certification: +91 70124 31293 For Booking one-to-one consultation with Mr. Siju Rajan, visit www.sijurajan.com Another Youtube channel: www.youtube.com/c/sijurajan About Siju Rajan..... Siju Rajan is a Brand coach, Business Strategist, an Organisation Development Interventionist and a trainer who helps businesses and start-ups to build their dream brand by helping in research and strategic planning, brand building and marketing. Siju Rajan is an experienced management and entrepreneurship coach with extensive training in both Commerce and Management. To date, he has trained over 10,000 people in various entrepreneurship disciplines and is the personal mentor to many entrepreneurs. He provides regular tips and advice o...
published: 21 Sep 2023 -
What is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
published: 19 Aug 2014 -
7 Benefits of Having An LLC | Limited Liability Company | Forming An LLC | What is an LLC?
Starting a business can be exciting! New Logo? Check. New Name? Check. In today's video, we discuss seven benefits of having an LLC. If you are on the fence about starting a limited liability company, tune in to find out these awesome reasons. Starting an LLC can be confusing. It doesn't have to be. Amazon Affiliate Links Gear Used: Sony a6400: https://amzn.to/3qeOG4h Sigma 16 mm f1.4 lens: https://amzn.to/3fZxeMI Elgato Key Lights (2): https://amzn.to/39sLRH5 Elgato Stream Deck XL: https://amzn.to/3lpmkAE Elgato HD60 S+ Capture Card: https://amzn.to/3qn1mGE Audio-Technica ATH-M50x Headphones: https://amzn.to/3fZjcux Shure SM7B Microphone: https://amzn.to/3fQUNal Rode PS1 Studio Arm: https://amzn.to/3llOLj3 Rode Rodecaster Pro: https://amzn.to/2VBlCpN Cloudlifter CL-1: https:/...
published: 24 Nov 2020 -
What is an LLC? - (Limited Liability Company Information)
Understanding what an LLC is https://www.incfile.com/limited-liability-company, or a Limited Liability Company, is an important part of forming and securing your business. An LLC is a type of business entity that allows you to separate your personal assets and liabilities from those of your business, keeping you safe no matter what happens (whether you run into debt, lawsuits or bankruptcy https://www.incfile.com/blog/what-happens-to-401k-llc-closes). While anyone can conduct business without an LLC, it’s much riskier to do so as your personal assets will be on the line. This means your home, vehicle and savings could all be taken should your business go under. Ready to get started? Form an LLC with Incfile for free today https://www.incfile.com/form-an-llc. For more, check out the Incfi...
published: 26 Apr 2020 -
Limited Liability and Unlimited Liability | The Key Differences Explained!
What is Limited Liability? Watch this video if you want to understand the difference between limited and unlimited liability in business. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/limitedandunlimitedliability If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers Follow us on the following socials to see even more Business content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: ...
published: 04 Apr 2022 -
What is Limited Liability? [No. 86]
Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the risk that they would be held personally responsible for accidents or problems. These people might lose the money they invested, but they would not be pursued for larger debts that the company could incur on its own. J.W. Verret is an Associate Professor of Law at Antonin Law School at George Mason University. He teaches Banking, Securities and Corporation Law. As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker. Subscribe to the series’ playlist: ...
published: 01 Mar 2023 -
Why Mixing Finances Can Ruin Your LLC Status!
In this insightful video, discover the crucial reasons why maintaining your LLC status is vital. Join our expert, Erika Millard as they explain how mixing personal and business finances can jeopardize your legal protection and provide tips to keep your LLC intact. #LLCStatus #BusinessFinance #LegalProtection #EntrepreneurTips #StayInformed #BusinessAdvice #FinancialEducation #SmallBusiness #LLCTips #ProtectYourBusiness
published: 02 Nov 2024 -
What is an LLC and how are they used? What does LLC stand for? | LLC University®
What is an LLC and how does it work? Learn about the meaning of LLCs. LLC stands for Limited Liability Company. A Limited Liability Company, most commonly called an LLC, is a legal business structure that protects your personal assets (your home, car, and personal bank accounts) in the event your company is sued. 0:07 – What is an LLC used for? 0:15 – What are LLC owners called? 0:18 – How many people can own an LLC? 0:27 – How is an LLC created? 0:36 – What is the main reason people form an LLC? 1:19 – Common mistakes people make when talking about LLCs 1:59 – What's the difference between LLC vs Corporation? 2:40 – LLCs are affordable to set up 3:05 – An LLC has low maintenance requirements 3:33 – What are the steps to forming an LLC? WHAT IS AN LLC? LLC stands for Limited Liability...
published: 06 Nov 2015
developed with YouTube
3:27
What is Limited Liability Company - Basics of LLCs
- Order: Reorder
- Duration: 3:27
- Uploaded Date: 24 Oct 2023
- views: 7946
What is Limited Liability Company? Basics of LLCs and deep understanding of benefits of LLCs for starting your own Limited Liability company. Like, share and su...
What is Limited Liability Company? Basics of LLCs and deep understanding of benefits of LLCs for starting your own Limited Liability company. Like, share and subscribe young entrepreneurs forum channel to get future videos.
Watch more videos on LLC - https://www.youtube.com/playlist?list=PL1O57nCUQ-e9Tomhxg7EEu_Ne3xpwDaUZ
#llc
#limitedliabilitycompany
#business
Thanks for watching What is Limited Liability Company - Basics of LLCs.
https://wn.com/What_Is_Limited_Liability_Company_Basics_Of_Llcs
What is Limited Liability Company? Basics of LLCs and deep understanding of benefits of LLCs for starting your own Limited Liability company. Like, share and subscribe young entrepreneurs forum channel to get future videos.
Watch more videos on LLC - https://www.youtube.com/playlist?list=PL1O57nCUQ-e9Tomhxg7EEu_Ne3xpwDaUZ
#llc
#limitedliabilitycompany
#business
Thanks for watching What is Limited Liability Company - Basics of LLCs.
7:29
What is an LLC ? - Limited Liability Company
- Order: Reorder
- Duration: 7:29
- Uploaded Date: 11 May 2019
- views: 518418
*Forming your LLC?* Use our free guide or for convenience use a professional service, we have negotiated the best deals for you.
Best Value Bundle Package for...
*Forming your LLC?* Use our free guide or for convenience use a professional service, we have negotiated the best deals for you.
Best Value Bundle Package for LLC formation is with Northwest ($29 + state fees)
https://go.truic.com/46SvCNT
🔥Includes 1 FREE Year of Registered Agent Services
Or, check out this $0 LLC solution from Tailor Brands:
https://go.truic.com/3zyWhEt
Consider this description box your one-stop-shop for free resources, how-to guides, and direct government links to help you start your business. If you use our discount links, we receive a small commission. This helps us continue to provide valuable information for free. Thanks for supporting our work!
---------
What is an LLC and why is it so useful? LLC stands for Limited Liability Company, it is one of the most popular business structures and helps with Personal Asset Protection.
*TIMESTAMPS*
0:00 - What is an LLC
1:09 - Main Features of an LLC
2:07 - How an LLC protects your personal assets
3:02 - How LLCs are taxed
4:19 - The Importance of an Operating Agreement
5:11 - Using a professional LLC formation service
6:34 - Conclusion
---------
*DISCOUNT LINKS & RESOURCES*
_When you use our exclusive discount links to sign up with our recommended partners, you get great rates, and we earn a small commission. This helps us continue to provide valuable information for free. Thanks for supporting us!_
💼 Form your LLC with Northwest and get 1 Year of Free Registered Agent Service:
https://go.truic.com/46SvCNT
📙 Read our free 'What is an LLC?' guide :
https://howtostartanllc.com/what-is-an-llc
🚀 Learn How to Form an LLC here:
https://howtostartanllc.com/form-an-llc
🏷️ Check out our Business Name Generator to make a great name for your LLC
https://epicbusinessnames.com/
---------
This video explains the unique advantages of an llc, which makes this business structure so popular. We will go over Limited Liability Company’s Advantages including Personal asset Protection. We also cover related topics to help you understand what you need to know, such as:
- Corporate Veil
https://howtostartanllc.com/maintain-llc-corporate-veil
- LLC Taxation
https://howtostartanllc.com/taxes/llc-taxes
- LLC Operating Agreement
https://howtostartanllc.com/what-is-an-llc-operating-agreement
- Cost to Form an LLC
https://howtostartanllc.com/cost-to-form-an-llc
- EIN number:
https://howtostartanllc.com/what-is-an-ein
---------
🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more!
🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams.
#llc #smallbusiness #startingabusiness #whatisanllc #smallbusiness
https://wn.com/What_Is_An_Llc_Limited_Liability_Company
*Forming your LLC?* Use our free guide or for convenience use a professional service, we have negotiated the best deals for you.
Best Value Bundle Package for LLC formation is with Northwest ($29 + state fees)
https://go.truic.com/46SvCNT
🔥Includes 1 FREE Year of Registered Agent Services
Or, check out this $0 LLC solution from Tailor Brands:
https://go.truic.com/3zyWhEt
Consider this description box your one-stop-shop for free resources, how-to guides, and direct government links to help you start your business. If you use our discount links, we receive a small commission. This helps us continue to provide valuable information for free. Thanks for supporting our work!
---------
What is an LLC and why is it so useful? LLC stands for Limited Liability Company, it is one of the most popular business structures and helps with Personal Asset Protection.
*TIMESTAMPS*
0:00 - What is an LLC
1:09 - Main Features of an LLC
2:07 - How an LLC protects your personal assets
3:02 - How LLCs are taxed
4:19 - The Importance of an Operating Agreement
5:11 - Using a professional LLC formation service
6:34 - Conclusion
---------
*DISCOUNT LINKS & RESOURCES*
_When you use our exclusive discount links to sign up with our recommended partners, you get great rates, and we earn a small commission. This helps us continue to provide valuable information for free. Thanks for supporting us!_
💼 Form your LLC with Northwest and get 1 Year of Free Registered Agent Service:
https://go.truic.com/46SvCNT
📙 Read our free 'What is an LLC?' guide :
https://howtostartanllc.com/what-is-an-llc
🚀 Learn How to Form an LLC here:
https://howtostartanllc.com/form-an-llc
🏷️ Check out our Business Name Generator to make a great name for your LLC
https://epicbusinessnames.com/
---------
This video explains the unique advantages of an llc, which makes this business structure so popular. We will go over Limited Liability Company’s Advantages including Personal asset Protection. We also cover related topics to help you understand what you need to know, such as:
- Corporate Veil
https://howtostartanllc.com/maintain-llc-corporate-veil
- LLC Taxation
https://howtostartanllc.com/taxes/llc-taxes
- LLC Operating Agreement
https://howtostartanllc.com/what-is-an-llc-operating-agreement
- Cost to Form an LLC
https://howtostartanllc.com/cost-to-form-an-llc
- EIN number:
https://howtostartanllc.com/what-is-an-ein
---------
🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more!
🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams.
#llc #smallbusiness #startingabusiness #whatisanllc #smallbusiness
- published: 11 May 2019
- views: 518418
4:30
What is Limited Liability Company? | Siju Rajan Legal
- Order: Reorder
- Duration: 4:30
- Uploaded Date: 21 Sep 2023
- views: 3471
For Trademark Registration, Private Limited Company, LLP, OPC, ISO Certification: +91 70124 31293
For Booking one-to-one consultation with Mr. Siju Rajan, visi...
For Trademark Registration, Private Limited Company, LLP, OPC, ISO Certification: +91 70124 31293
For Booking one-to-one consultation with Mr. Siju Rajan, visit www.sijurajan.com
Another Youtube channel: www.youtube.com/c/sijurajan
About Siju Rajan.....
Siju Rajan is a Brand coach, Business Strategist, an Organisation Development Interventionist and a trainer who helps businesses and start-ups to build their dream brand by helping in research and strategic planning, brand building and marketing. Siju Rajan is an experienced management and entrepreneurship coach with extensive training in both Commerce and Management. To date, he has trained over 10,000 people in various entrepreneurship disciplines and is the personal mentor to many entrepreneurs. He provides regular tips and advice on entrepreneurship and management on his popular YouTube channel, and is also a columnist for Kerala’s top business magazine, Dhanam. He is the co-founder and chief consultant of Brandisam LLP, a brand development firm specializing in helping startups and small businesses build strong, recognizable brands.
#business #keralabusiness #sijurajan #sijurajanlegal #businessregistrations
https://wn.com/What_Is_Limited_Liability_Company_|_Siju_Rajan_Legal
For Trademark Registration, Private Limited Company, LLP, OPC, ISO Certification: +91 70124 31293
For Booking one-to-one consultation with Mr. Siju Rajan, visit www.sijurajan.com
Another Youtube channel: www.youtube.com/c/sijurajan
About Siju Rajan.....
Siju Rajan is a Brand coach, Business Strategist, an Organisation Development Interventionist and a trainer who helps businesses and start-ups to build their dream brand by helping in research and strategic planning, brand building and marketing. Siju Rajan is an experienced management and entrepreneurship coach with extensive training in both Commerce and Management. To date, he has trained over 10,000 people in various entrepreneurship disciplines and is the personal mentor to many entrepreneurs. He provides regular tips and advice on entrepreneurship and management on his popular YouTube channel, and is also a columnist for Kerala’s top business magazine, Dhanam. He is the co-founder and chief consultant of Brandisam LLP, a brand development firm specializing in helping startups and small businesses build strong, recognizable brands.
#business #keralabusiness #sijurajan #sijurajanlegal #businessregistrations
- published: 21 Sep 2023
- views: 3471
2:00
What is a Limited Liability Company or LLC? - LLC.com
- Order: Reorder
- Duration: 2:00
- Uploaded Date: 19 Aug 2014
- views: 316229
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC ...
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
https://wn.com/What_Is_A_Limited_Liability_Company_Or_Llc_Llc.Com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
- published: 19 Aug 2014
- views: 316229
15:47
7 Benefits of Having An LLC | Limited Liability Company | Forming An LLC | What is an LLC?
- Order: Reorder
- Duration: 15:47
- Uploaded Date: 24 Nov 2020
- views: 84804
Starting a business can be exciting! New Logo? Check. New Name? Check. In today's video, we discuss seven benefits of having an LLC. If you are on the fence a...
Starting a business can be exciting! New Logo? Check. New Name? Check. In today's video, we discuss seven benefits of having an LLC. If you are on the fence about starting a limited liability company, tune in to find out these awesome reasons. Starting an LLC can be confusing. It doesn't have to be.
Amazon Affiliate Links Gear Used:
Sony a6400: https://amzn.to/3qeOG4h
Sigma 16 mm f1.4 lens: https://amzn.to/3fZxeMI
Elgato Key Lights (2): https://amzn.to/39sLRH5
Elgato Stream Deck XL: https://amzn.to/3lpmkAE
Elgato HD60 S+ Capture Card: https://amzn.to/3qn1mGE
Audio-Technica ATH-M50x Headphones: https://amzn.to/3fZjcux
Shure SM7B Microphone: https://amzn.to/3fQUNal
Rode PS1 Studio Arm: https://amzn.to/3llOLj3
Rode Rodecaster Pro: https://amzn.to/2VBlCpN
Cloudlifter CL-1: https://amzn.to/3oi7aj5
Need help with your California business legal needs? Call (858) 956-5878
Check out https://www.thinklegalpc.com for more information!
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https://wn.com/7_Benefits_Of_Having_An_Llc_|_Limited_Liability_Company_|_Forming_An_Llc_|_What_Is_An_Llc
Starting a business can be exciting! New Logo? Check. New Name? Check. In today's video, we discuss seven benefits of having an LLC. If you are on the fence about starting a limited liability company, tune in to find out these awesome reasons. Starting an LLC can be confusing. It doesn't have to be.
Amazon Affiliate Links Gear Used:
Sony a6400: https://amzn.to/3qeOG4h
Sigma 16 mm f1.4 lens: https://amzn.to/3fZxeMI
Elgato Key Lights (2): https://amzn.to/39sLRH5
Elgato Stream Deck XL: https://amzn.to/3lpmkAE
Elgato HD60 S+ Capture Card: https://amzn.to/3qn1mGE
Audio-Technica ATH-M50x Headphones: https://amzn.to/3fZjcux
Shure SM7B Microphone: https://amzn.to/3fQUNal
Rode PS1 Studio Arm: https://amzn.to/3llOLj3
Rode Rodecaster Pro: https://amzn.to/2VBlCpN
Cloudlifter CL-1: https://amzn.to/3oi7aj5
Need help with your California business legal needs? Call (858) 956-5878
Check out https://www.thinklegalpc.com for more information!
Gusto Payroll
https://gusto.com/r/taylor6641
Connect with Us on Social Media!
Twitter - @thinklegalpc
Instagram - https://www.instagram.com/thinklegalpc
Facebook - https://www.facebook.com/thinklegalpc
LinkedIn - https://www.linkedin.com/company/thinklegalpc
Join our FREE Facebook group Tactical Startup
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Listen to our podcast Tactical Startup at:
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#teamstartup #SWOTteam #startups #tacticalstartup
- published: 24 Nov 2020
- views: 84804
1:25
What is an LLC? - (Limited Liability Company Information)
- Order: Reorder
- Duration: 1:25
- Uploaded Date: 26 Apr 2020
- views: 10144
Understanding what an LLC is https://www.incfile.com/limited-liability-company, or a Limited Liability Company, is an important part of forming and securing you...
Understanding what an LLC is https://www.incfile.com/limited-liability-company, or a Limited Liability Company, is an important part of forming and securing your business. An LLC is a type of business entity that allows you to separate your personal assets and liabilities from those of your business, keeping you safe no matter what happens (whether you run into debt, lawsuits or bankruptcy https://www.incfile.com/blog/what-happens-to-401k-llc-closes).
While anyone can conduct business without an LLC, it’s much riskier to do so as your personal assets will be on the line. This means your home, vehicle and savings could all be taken should your business go under. Ready to get started? Form an LLC with Incfile for free today https://www.incfile.com/form-an-llc. For more, check out the Incfile resource library: https://www.incfile.com/business-resources
00:00 What Does LLC Stand For?
00:05 What Does Forming An LLC Mean?
00:17 Understanding Limited Liability
00:40 Do I Need An LLC?
00:52 Risks of Not Filing an LLC
01:06 Filing an LLC is Quick and Easy with Incfile
#llc #BusinessRisks #PersonalLability #SmallBusinessProtection #FormAnLLC #Incfile
Related Videos:
https://www.youtube.com/watch?v=ZYG9H9c2Jxk
https://www.youtube.com/watch?v=R_oIgzYh7NU
https://www.youtube.com/watch?v=fHxVYURbaIM
https://www.youtube.com/watch?v=J-rWfGjYMno
https://wn.com/What_Is_An_Llc_(Limited_Liability_Company_Information)
Understanding what an LLC is https://www.incfile.com/limited-liability-company, or a Limited Liability Company, is an important part of forming and securing your business. An LLC is a type of business entity that allows you to separate your personal assets and liabilities from those of your business, keeping you safe no matter what happens (whether you run into debt, lawsuits or bankruptcy https://www.incfile.com/blog/what-happens-to-401k-llc-closes).
While anyone can conduct business without an LLC, it’s much riskier to do so as your personal assets will be on the line. This means your home, vehicle and savings could all be taken should your business go under. Ready to get started? Form an LLC with Incfile for free today https://www.incfile.com/form-an-llc. For more, check out the Incfile resource library: https://www.incfile.com/business-resources
00:00 What Does LLC Stand For?
00:05 What Does Forming An LLC Mean?
00:17 Understanding Limited Liability
00:40 Do I Need An LLC?
00:52 Risks of Not Filing an LLC
01:06 Filing an LLC is Quick and Easy with Incfile
#llc #BusinessRisks #PersonalLability #SmallBusinessProtection #FormAnLLC #Incfile
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https://www.youtube.com/watch?v=ZYG9H9c2Jxk
https://www.youtube.com/watch?v=R_oIgzYh7NU
https://www.youtube.com/watch?v=fHxVYURbaIM
https://www.youtube.com/watch?v=J-rWfGjYMno
- published: 26 Apr 2020
- views: 10144
3:12
Limited Liability and Unlimited Liability | The Key Differences Explained!
- Order: Reorder
- Duration: 3:12
- Uploaded Date: 04 Apr 2022
- views: 33963
What is Limited Liability? Watch this video if you want to understand the difference between limited and unlimited liability in business.
SUBSCRIBE: https://w...
What is Limited Liability? Watch this video if you want to understand the difference between limited and unlimited liability in business.
SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1
A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/limitedandunlimitedliability
If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers
Follow us on the following socials to see even more Business content:
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#LimitedLiability #BusinessStartUp #BusinessExplained
https://wn.com/Limited_Liability_And_Unlimited_Liability_|_The_Key_Differences_Explained
What is Limited Liability? Watch this video if you want to understand the difference between limited and unlimited liability in business.
SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1
A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/limitedandunlimitedliability
If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers
Follow us on the following socials to see even more Business content:
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Facebook: https://www.facebook.com/TwoTeachersBusiness
Twitter: https://twitter.com/TwoTeachersBiz
#LimitedLiability #BusinessStartUp #BusinessExplained
- published: 04 Apr 2022
- views: 33963
3:22
What is Limited Liability? [No. 86]
- Order: Reorder
- Duration: 3:22
- Uploaded Date: 01 Mar 2023
- views: 28416
Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale...
Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the risk that they would be held personally responsible for accidents or problems. These people might lose the money they invested, but they would not be pursued for larger debts that the company could incur on its own.
J.W. Verret is an Associate Professor of Law at Antonin Law School at George Mason University. He teaches Banking, Securities and Corporation Law.
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Subscribe to the series’ playlist: https://www.youtube.com/playlist?list=PLWwcngsYgoUUZbOYW__5aGAR25VawDu6A
#law #lawstudent #no86 #lawschool #corporatelaw #corporatelawyer
https://wn.com/What_Is_Limited_Liability_No._86
Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the risk that they would be held personally responsible for accidents or problems. These people might lose the money they invested, but they would not be pursued for larger debts that the company could incur on its own.
J.W. Verret is an Associate Professor of Law at Antonin Law School at George Mason University. He teaches Banking, Securities and Corporation Law.
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Subscribe to the series’ playlist: https://www.youtube.com/playlist?list=PLWwcngsYgoUUZbOYW__5aGAR25VawDu6A
#law #lawstudent #no86 #lawschool #corporatelaw #corporatelawyer
- published: 01 Mar 2023
- views: 28416
0:28
Why Mixing Finances Can Ruin Your LLC Status!
- Order: Reorder
- Duration: 0:28
- Uploaded Date: 02 Nov 2024
- views: 461
In this insightful video, discover the crucial reasons why maintaining your LLC status is vital. Join our expert, Erika Millard as they explain how mixing perso...
In this insightful video, discover the crucial reasons why maintaining your LLC status is vital. Join our expert, Erika Millard as they explain how mixing personal and business finances can jeopardize your legal protection and provide tips to keep your LLC intact. #LLCStatus #BusinessFinance #LegalProtection #EntrepreneurTips #StayInformed #BusinessAdvice #FinancialEducation #SmallBusiness #LLCTips #ProtectYourBusiness
https://wn.com/Why_Mixing_Finances_Can_Ruin_Your_Llc_Status
In this insightful video, discover the crucial reasons why maintaining your LLC status is vital. Join our expert, Erika Millard as they explain how mixing personal and business finances can jeopardize your legal protection and provide tips to keep your LLC intact. #LLCStatus #BusinessFinance #LegalProtection #EntrepreneurTips #StayInformed #BusinessAdvice #FinancialEducation #SmallBusiness #LLCTips #ProtectYourBusiness
- published: 02 Nov 2024
- views: 461
3:58
What is an LLC and how are they used? What does LLC stand for? | LLC University®
- Order: Reorder
- Duration: 3:58
- Uploaded Date: 06 Nov 2015
- views: 222829
What is an LLC and how does it work? Learn about the meaning of LLCs.
LLC stands for Limited Liability Company.
A Limited Liability Company, most commonly cal...
What is an LLC and how does it work? Learn about the meaning of LLCs.
LLC stands for Limited Liability Company.
A Limited Liability Company, most commonly called an LLC, is a legal business structure that protects your personal assets (your home, car, and personal bank accounts) in the event your company is sued.
0:07 – What is an LLC used for?
0:15 – What are LLC owners called?
0:18 – How many people can own an LLC?
0:27 – How is an LLC created?
0:36 – What is the main reason people form an LLC?
1:19 – Common mistakes people make when talking about LLCs
1:59 – What's the difference between LLC vs Corporation?
2:40 – LLCs are affordable to set up
3:05 – An LLC has low maintenance requirements
3:33 – What are the steps to forming an LLC?
WHAT IS AN LLC?
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
WHY FORM AN LLC?
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
AN ATTACK ON YOUR ASSETS
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
SPEAKING THE LLC LANGUAGE
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
LLC vs CORPORATION
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee with the state to create your LLC.
____________________________________________________________________________
To learn more about LLCs, visit LLC University®: https://www.llcuniversity.com
____________________________________________________________________________
DISCLAIMER
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
LLC University® is a registered trademark of LLCU Media Group, LLC.
© Copyright LLCU Media Group, LLC. All rights reserved.
____________________________________________________________________________
https://wn.com/What_Is_An_Llc_And_How_Are_They_Used_What_Does_Llc_Stand_For_|_Llc_University®
What is an LLC and how does it work? Learn about the meaning of LLCs.
LLC stands for Limited Liability Company.
A Limited Liability Company, most commonly called an LLC, is a legal business structure that protects your personal assets (your home, car, and personal bank accounts) in the event your company is sued.
0:07 – What is an LLC used for?
0:15 – What are LLC owners called?
0:18 – How many people can own an LLC?
0:27 – How is an LLC created?
0:36 – What is the main reason people form an LLC?
1:19 – Common mistakes people make when talking about LLCs
1:59 – What's the difference between LLC vs Corporation?
2:40 – LLCs are affordable to set up
3:05 – An LLC has low maintenance requirements
3:33 – What are the steps to forming an LLC?
WHAT IS AN LLC?
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
WHY FORM AN LLC?
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
AN ATTACK ON YOUR ASSETS
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
SPEAKING THE LLC LANGUAGE
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
LLC vs CORPORATION
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee with the state to create your LLC.
____________________________________________________________________________
To learn more about LLCs, visit LLC University®: https://www.llcuniversity.com
____________________________________________________________________________
DISCLAIMER
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
LLC University® is a registered trademark of LLCU Media Group, LLC.
© Copyright LLCU Media Group, LLC. All rights reserved.
____________________________________________________________________________
- published: 06 Nov 2015
- views: 222829
3:27
What is Limited Liability Company - Basics of LLCs
What is Limited Liability Company? Basics of LLCs and deep understanding of benefits of LL...
published: 24 Oct 2023
What is Limited Liability Company - Basics of LLCs
What is Limited Liability Company - Basics of LLCs
- Report rights infringement
- published: 24 Oct 2023
- views: 7946
What is Limited Liability Company? Basics of LLCs and deep understanding of benefits of LLCs for starting your own Limited Liability company. Like, share and subscribe young entrepreneurs forum channel to get future videos.
Watch more videos on LLC - https://www.youtube.com/playlist?list=PL1O57nCUQ-e9Tomhxg7EEu_Ne3xpwDaUZ
#llc
#limitedliabilitycompany
#business
Thanks for watching What is Limited Liability Company - Basics of LLCs.
7:29
What is an LLC ? - Limited Liability Company
*Forming your LLC?* Use our free guide or for convenience use a professional service, we h...
published: 11 May 2019
What is an LLC ? - Limited Liability Company
What is an LLC ? - Limited Liability Company
- Report rights infringement
- published: 11 May 2019
- views: 518418
*Forming your LLC?* Use our free guide or for convenience use a professional service, we have negotiated the best deals for you.
Best Value Bundle Package for LLC formation is with Northwest ($29 + state fees)
https://go.truic.com/46SvCNT
🔥Includes 1 FREE Year of Registered Agent Services
Or, check out this $0 LLC solution from Tailor Brands:
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Consider this description box your one-stop-shop for free resources, how-to guides, and direct government links to help you start your business. If you use our discount links, we receive a small commission. This helps us continue to provide valuable information for free. Thanks for supporting our work!
---------
What is an LLC and why is it so useful? LLC stands for Limited Liability Company, it is one of the most popular business structures and helps with Personal Asset Protection.
*TIMESTAMPS*
0:00 - What is an LLC
1:09 - Main Features of an LLC
2:07 - How an LLC protects your personal assets
3:02 - How LLCs are taxed
4:19 - The Importance of an Operating Agreement
5:11 - Using a professional LLC formation service
6:34 - Conclusion
---------
*DISCOUNT LINKS & RESOURCES*
_When you use our exclusive discount links to sign up with our recommended partners, you get great rates, and we earn a small commission. This helps us continue to provide valuable information for free. Thanks for supporting us!_
💼 Form your LLC with Northwest and get 1 Year of Free Registered Agent Service:
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📙 Read our free 'What is an LLC?' guide :
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🚀 Learn How to Form an LLC here:
https://howtostartanllc.com/form-an-llc
🏷️ Check out our Business Name Generator to make a great name for your LLC
https://epicbusinessnames.com/
---------
This video explains the unique advantages of an llc, which makes this business structure so popular. We will go over Limited Liability Company’s Advantages including Personal asset Protection. We also cover related topics to help you understand what you need to know, such as:
- Corporate Veil
https://howtostartanllc.com/maintain-llc-corporate-veil
- LLC Taxation
https://howtostartanllc.com/taxes/llc-taxes
- LLC Operating Agreement
https://howtostartanllc.com/what-is-an-llc-operating-agreement
- Cost to Form an LLC
https://howtostartanllc.com/cost-to-form-an-llc
- EIN number:
https://howtostartanllc.com/what-is-an-ein
---------
🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more!
🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams.
#llc #smallbusiness #startingabusiness #whatisanllc #smallbusiness
4:30
What is Limited Liability Company? | Siju Rajan Legal
For Trademark Registration, Private Limited Company, LLP, OPC, ISO Certification: +91 7012...
published: 21 Sep 2023
What is Limited Liability Company? | Siju Rajan Legal
What is Limited Liability Company? | Siju Rajan Legal
- Report rights infringement
- published: 21 Sep 2023
- views: 3471
For Trademark Registration, Private Limited Company, LLP, OPC, ISO Certification: +91 70124 31293
For Booking one-to-one consultation with Mr. Siju Rajan, visit www.sijurajan.com
Another Youtube channel: www.youtube.com/c/sijurajan
About Siju Rajan.....
Siju Rajan is a Brand coach, Business Strategist, an Organisation Development Interventionist and a trainer who helps businesses and start-ups to build their dream brand by helping in research and strategic planning, brand building and marketing. Siju Rajan is an experienced management and entrepreneurship coach with extensive training in both Commerce and Management. To date, he has trained over 10,000 people in various entrepreneurship disciplines and is the personal mentor to many entrepreneurs. He provides regular tips and advice on entrepreneurship and management on his popular YouTube channel, and is also a columnist for Kerala’s top business magazine, Dhanam. He is the co-founder and chief consultant of Brandisam LLP, a brand development firm specializing in helping startups and small businesses build strong, recognizable brands.
#business #keralabusiness #sijurajan #sijurajanlegal #businessregistrations
2:00
What is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go htt...
published: 19 Aug 2014
What is a Limited Liability Company or LLC? - LLC.com
What is a Limited Liability Company or LLC? - LLC.com
- Report rights infringement
- published: 19 Aug 2014
- views: 316229
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
15:47
7 Benefits of Having An LLC | Limited Liability Company | Forming An LLC | What is an LLC?
Starting a business can be exciting! New Logo? Check. New Name? Check. In today's video, ...
published: 24 Nov 2020
7 Benefits of Having An LLC | Limited Liability Company | Forming An LLC | What is an LLC?
7 Benefits of Having An LLC | Limited Liability Company | Forming An LLC | What is an LLC?
- Report rights infringement
- published: 24 Nov 2020
- views: 84804
Starting a business can be exciting! New Logo? Check. New Name? Check. In today's video, we discuss seven benefits of having an LLC. If you are on the fence about starting a limited liability company, tune in to find out these awesome reasons. Starting an LLC can be confusing. It doesn't have to be.
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1:25
What is an LLC? - (Limited Liability Company Information)
Understanding what an LLC is https://www.incfile.com/limited-liability-company, or a Limit...
published: 26 Apr 2020
What is an LLC? - (Limited Liability Company Information)
What is an LLC? - (Limited Liability Company Information)
- Report rights infringement
- published: 26 Apr 2020
- views: 10144
Understanding what an LLC is https://www.incfile.com/limited-liability-company, or a Limited Liability Company, is an important part of forming and securing your business. An LLC is a type of business entity that allows you to separate your personal assets and liabilities from those of your business, keeping you safe no matter what happens (whether you run into debt, lawsuits or bankruptcy https://www.incfile.com/blog/what-happens-to-401k-llc-closes).
While anyone can conduct business without an LLC, it’s much riskier to do so as your personal assets will be on the line. This means your home, vehicle and savings could all be taken should your business go under. Ready to get started? Form an LLC with Incfile for free today https://www.incfile.com/form-an-llc. For more, check out the Incfile resource library: https://www.incfile.com/business-resources
00:00 What Does LLC Stand For?
00:05 What Does Forming An LLC Mean?
00:17 Understanding Limited Liability
00:40 Do I Need An LLC?
00:52 Risks of Not Filing an LLC
01:06 Filing an LLC is Quick and Easy with Incfile
#llc #BusinessRisks #PersonalLability #SmallBusinessProtection #FormAnLLC #Incfile
Related Videos:
https://www.youtube.com/watch?v=ZYG9H9c2Jxk
https://www.youtube.com/watch?v=R_oIgzYh7NU
https://www.youtube.com/watch?v=fHxVYURbaIM
https://www.youtube.com/watch?v=J-rWfGjYMno
3:12
Limited Liability and Unlimited Liability | The Key Differences Explained!
What is Limited Liability? Watch this video if you want to understand the difference betwe...
published: 04 Apr 2022
Limited Liability and Unlimited Liability | The Key Differences Explained!
Limited Liability and Unlimited Liability | The Key Differences Explained!
- Report rights infringement
- published: 04 Apr 2022
- views: 33963
What is Limited Liability? Watch this video if you want to understand the difference between limited and unlimited liability in business.
SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1
A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/limitedandunlimitedliability
If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers
Follow us on the following socials to see even more Business content:
Instagram: https://www.instagram.com/twoteachersbusiness
Facebook: https://www.facebook.com/TwoTeachersBusiness
Twitter: https://twitter.com/TwoTeachersBiz
#LimitedLiability #BusinessStartUp #BusinessExplained
3:22
What is Limited Liability? [No. 86]
Who does limited liability protect and why was it developed in the first place? Professor...
published: 01 Mar 2023
What is Limited Liability? [No. 86]
What is Limited Liability? [No. 86]
- Report rights infringement
- published: 01 Mar 2023
- views: 28416
Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the risk that they would be held personally responsible for accidents or problems. These people might lose the money they invested, but they would not be pursued for larger debts that the company could incur on its own.
J.W. Verret is an Associate Professor of Law at Antonin Law School at George Mason University. He teaches Banking, Securities and Corporation Law.
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Subscribe to the series’ playlist: https://www.youtube.com/playlist?list=PLWwcngsYgoUUZbOYW__5aGAR25VawDu6A
#law #lawstudent #no86 #lawschool #corporatelaw #corporatelawyer
0:28
Why Mixing Finances Can Ruin Your LLC Status!
In this insightful video, discover the crucial reasons why maintaining your LLC status is ...
published: 02 Nov 2024
Why Mixing Finances Can Ruin Your LLC Status!
Why Mixing Finances Can Ruin Your LLC Status!
- Report rights infringement
- published: 02 Nov 2024
- views: 461
In this insightful video, discover the crucial reasons why maintaining your LLC status is vital. Join our expert, Erika Millard as they explain how mixing personal and business finances can jeopardize your legal protection and provide tips to keep your LLC intact. #LLCStatus #BusinessFinance #LegalProtection #EntrepreneurTips #StayInformed #BusinessAdvice #FinancialEducation #SmallBusiness #LLCTips #ProtectYourBusiness
3:58
What is an LLC and how are they used? What does LLC stand for? | LLC University®
What is an LLC and how does it work? Learn about the meaning of LLCs.
LLC stands for Limi...
published: 06 Nov 2015
What is an LLC and how are they used? What does LLC stand for? | LLC University®
What is an LLC and how are they used? What does LLC stand for? | LLC University®
- Report rights infringement
- published: 06 Nov 2015
- views: 222829
What is an LLC and how does it work? Learn about the meaning of LLCs.
LLC stands for Limited Liability Company.
A Limited Liability Company, most commonly called an LLC, is a legal business structure that protects your personal assets (your home, car, and personal bank accounts) in the event your company is sued.
0:07 – What is an LLC used for?
0:15 – What are LLC owners called?
0:18 – How many people can own an LLC?
0:27 – How is an LLC created?
0:36 – What is the main reason people form an LLC?
1:19 – Common mistakes people make when talking about LLCs
1:59 – What's the difference between LLC vs Corporation?
2:40 – LLCs are affordable to set up
3:05 – An LLC has low maintenance requirements
3:33 – What are the steps to forming an LLC?
WHAT IS AN LLC?
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
WHY FORM AN LLC?
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
AN ATTACK ON YOUR ASSETS
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
SPEAKING THE LLC LANGUAGE
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
LLC vs CORPORATION
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee with the state to create your LLC.
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To learn more about LLCs, visit LLC University®: https://www.llcuniversity.com
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DISCLAIMER
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
LLC University® is a registered trademark of LLCU Media Group, LLC.
© Copyright LLCU Media Group, LLC. All rights reserved.
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Limited liability company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs do not need to be organized for profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a very similar entity called a professional limited liability company (PLLC).
Overview
A Limited Liability Company (LLC) is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC, although a business entity, is a type of unincorporated association and is not a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation, and it is well-suited for companies with a single owner.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Limited_liability_company
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