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Data analytics, llc, is a limited liability company. unless the articles of organization specify otherwise, it will most likely be assumed that the firm is manager-managed.
What is a limited liability company LLC ?
- A limited liability company (LLC) is a type of business form combining attributes of both corporations and partnerships.
- It has TWO PRIMARY ATTRIBUTES: (1) the limited liability that shareholders of a corporation enjoy, AND. (2) the tax treatment of a partnership.
What advantage does the LLC form of business ownership offer ?
- An LLC offers the limited liability of a corporation and the tax status of a partnership.
- Advantages: LLC has more flexibility, they can have members that are in corporations, partnerships, or non-resident aliens.
What is one benefit of a limited liability company over a corporation?
- The main advantage to an LLC is in the name limited liability protection.
- Owners' personal assets can be protected from business debts and lawsuits against the business when an owner uses an LLC to do business.
- An LLC can have one owner (known as a “member”) or many members.
Learn more about limited liability company
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