LIMITED LIABILITY COMPANY (LLC)
{"Image DocumentName": "LIMITED LIABILITY COMPANY (LLC)", "Image ImageDescription": "The LLC is a relatively new type of hybrid business structure. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Formation is more complex and formal than that of a general partnership. The owners are members, and the duration of the LLC is usually determined when the organization papers are filed. The time limit can be continued if desired by a vote of the members at the time of expiration. LLC s must not have more than two of the four characteristics that define corporations: Limited liability to the extent of assets; Continuity of life; Centralization of management; Free transferability of ownership interests.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}