LLC


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LLC

LLC

(Logical Link Control) See "LANs" under data link protocol.
References in periodicals archive ?
If a large LLC elects to pay the imputed tax, the LLC, not the members, is subject to the interest thereon, as well as any penalties.
Axon Plastics Machinery AB B&W Environmental Solutions LLC Bartell Machinery Systems Corp.
Design Schedules, LLC eHealth Data Solutions EQuIP for Qualtity[TM] Generations on Line GeriMenu Health Care Software - HCS HealthMEDX Horizon Healthcare Technologies Horizon Software International, LLC Ideal Software Inc.
To resolve this issue, in 1994 the IRS proposed regulations providing a two-part test to determine an LLC member's status either as a limited or general partner for self-employment tax purposes.
The LLC combines the best features of a partnership and an S corporation: the partnership's pass-through tax benefits and flexibility with the corporation's limited liability of management and owners.
The agreements and understamembers themselves with respect to operation of the LLC are reflected in an Operating Agreement.
But you can choose to form your operation as an LLC and everybody now has limited liability.
Name issues: One potential problem when registering as a foreign LLC arises when the LLC's name is confusingly similar to an LLC already formed or registered to do business in the state.
The most basic management issue is whether the LLC will be managed by members or outside managers.
Under the proposed regulations, if substantially all of an LLC's trade or business activity involves the performance of services, any LLC member who provides such services will be a GP for SE tax purposes.
State laws also permit LLC owners (properly known as "members") to limit their liability to the amounts they invested, plus any capital commitments, making LLCs more attractive than partnerships.