He practices primarily in the areas of wills, trusts and estate planning; probate and trust administration; elder law; and business law. Moreover, LLCs are comparatively easy to create. The assets of owners are protected from lawsuits against the company, as is the case with corporations, yet they do not have the tax problems. In addition to the law practice, Chris is involved in Aggieland Title Company and Brazos 1...There are no comments for this post.

LLC. Logical Link Control Computing, Technology, Telecom. abbreviation The definition of an LLC is a limited liability company which is a legal designation for a business organization that has features of a sole proprietorship, a partnership and a corporation. Call.Founding Attorney The corporate structure was very costly with its double taxation, and partnerships and sole proprietorships offered no protection of owners' personal assets.Both of these issues were answered when states began allowing for the formation of LLCs. With the LLC, the taxes flow through the corporation to the individual owners in accordance with their shares in the company.The limited liability company option allows for considerable flexibility. Limited liability companies are fairly recent. LLC stands for “Limited Liability Company,” and it’s one of several different types of business you can create in the United States. Be the first and.The use of the Internet or this form for communication with the company or any individual member of the company does not establish an intermediary relationship.

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YourDictionary definition and usage example. List of 477 LLC definitions. Your abbreviation search returned 52 meanings,The World's most comprehensive professionally edited abbreviations and acronyms database,Limited Liability Corporation (less common),Law Library of Congress (US Library of Congress),Laurel Leader-Call (Laurel, MS newspaper),Living Learning Community (various universities),Library and Learning Commons (various schools),Language Learning Center (various schools),Literature, Language and Culture (education),Leucemia Linfoide Cronica (Spanish: Chronic Lymphocytic Leukemia),Languages, Literatures and Cultures (various universities),Live Learning Center (various organizations),Long Leg Cast (cast from the hip to the toes),Living Links Center (Emory University; Atlanta, GA),Left Lane Camper (slow driver in passing lane),Layered Laser Crystallization (semiconductor physics),Lens and Lights Club (Worcester Polytechnic Institute),Lunchtime Lead Club (Clovis District Chamber of Commerce, Clovis, CA, USA). It is important that you work with a College Station business lawyer who can provide you with advice on how best to organize your enterprise, and ensure that you meet all the requirements. In corporations, the company is taxed on profits, and shareholders are taxed again on dividends they receive. Chris Peterson is the owner of Peterson Law Group. We will get back to you shortly.Please complete all required fields below.Estate Planning: How to Protect Your Spouse and Your Kids. LLCs are the most popular business form for smaller companies today, for they afford considerable flexibility and protections.

Many people are mistaken in believing that LLC stands for “limited liability corporation.” In fact, it actually stands for “limited liability company,” and the differences are considerable. LLC is an acronym for limited liability company and is a business designation that affords its owners protection from the financial obligations and legal ramifications that come with running a business. Indeed, many people don't know that LLCs and corporations are distinct from each other.If you are thinking about setting up your business as a limited liability company you have many options. What does LLC stand for?