A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. Use the [business] tag for non-American jurisdictions
Questions tagged [limited-liability-company]
113 questions
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How do you sue what is likely to be a shell company?
From this question on the Travel.SE, the OP is having trouble with an online travel agent that uses an LLC agent's address in Sheridan, Wyoming as its contact address. When searching online for this address, multiple links pop up suggesting that…
Peter M
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Concealing One's Identity from the Public When Purchasing a Home
I have heard, that in the United States, some individuals are able to conceal their identities from the public when purchasing a home by setting up a LLC and buying the house through the said corporation.
Is this true? and can someone explain how…
DDS
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Why do companies need to keep invoices for their business expenses as well as receipts?
I understand that when a limited company makes business expenses, it should keep track of invoices that their suppliers issue them, as well as receipts showing that the company has paid these invoices.
If a company has the receipt showing that it…
Gabriel
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Spin-off company with all parent's debt?
Out of curiosity, is it theoretically possible for a parent company to create a spin off company that holds all of its debt and no assets? Then the subsidiary spin-off company will declare bankruptcy and the parent company remains with only assets.
JobHunter69
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Can you sue your own business?
If an employee of my LLC negligently causes injury to me in the course of their employment, can I sue my LLC, like a non-owner could?
Someone
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How do you pay for LLC startup costs before it is formed without co-mingling funds?
If I need to pay for LLC startup costs (like a virtual address, email, and state fees) before I can create my LLC (or business bank account), what account should I use?
I'm concerned that using a personal account for these business expenses will…
N00b101
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Can you have a fiduciary duty to your own business?
If I am the sole member and manager of an LLC, do I have any fiduciary duty to the LLC? Would there be anything legally wrong with my intentionally wasting the company's money or doing something similarly pointless and harmful to the business,…
Someone
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Can any national European company do business in all other member states?
For example, could a limited liability company registered in a Baltic EU state offer services in Poland?
What I learn from the first comment to this question, this might depend for example on services nature.
So these should be online subscription…
J. Doe
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Why would a 501(c)(3) nonprofit organization run its major operations in an LLC?
I was looking into the corporate structure of the Signal App, and it's very strange from the non-lawyer (IANAL) perspective.
The parent organization is a 501(c)(3) nonprofit, but the app is developed inside of an LLC.
There's also some messiness…
Betsy Dupuis
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Is an LLC with no assets effectively impervious to lawsuits?
For example, a millionaire forms an LLC to sell lemonade on the sidewalk and they put a job posting in the local newspaper where they specified that only a person of a particular ethnicity, marital status, and gender would be hired. He then rejected…
N00b101
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How to make an indie app to "belong" to the legal company?
Lets say I have a created an app that I now want to start a company for. Company will be a 1-person company who's only product will be this app. What will define that from now on the app's intellectual property belongs to the company? Is it a…
Ribtoks
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What to do if you are sued for company name that resemble an existing company name in the UK?
I've been sued by Oracle for company name under the provisions of section 69(0) of the Companies Act 2006 (the Act) in The Company Names tribunal in the UK.
My company name is JAVASCRIPT CONSULTING LTD.
Tribunal decision:…
mike
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Workers Comp. Insurance with Regard to Single-Member LLCs in Virginia
Consider that I own a single-member LLC in Virginia.
Must I carry Workers Comp. insurance (in the U.S.) because I pay my wife from time to time?
I ask, because I am under the impression that if a business entity has two or more "employees," it needs…
Jethro
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3
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What triggers the need for a DBA exactly?
Lets say an LLC is named something generic like: "Iron Chimpanzee Company" and then the members decide to create three websites specifically for the sale of boats, steaks, and blind dates.
Can the company name the sites "Iron Chimpanzee Boats",…
N00b101
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Can the LLC for a YouTube channel be formed in any us state?
If I want to form my LLC in a state like Nevada or Wyoming because of the stronger protections, but I live in Florida will I have to foreign file in Florida because I'm uploading YouTube videos from florida?
Or is that that not really enough for…
N00b101
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