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Does an LLC Have Shareholders? - FreeAdvice

A limited liability company (or LLC) is not a corporation, but rather a hybrid business entity. It combines the advantages of a partnership and a regular corporation. Even though an individual must file paperwork with a state agency to create the LLC, which includes filing membership and operating agreements, the organizational structure is still more similar to a partnership.…

Limited liability company - Wikipedia

A limited liability company (LLC) is the US-specific form of a private limited company.It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.…

Company Law Club // Limited liability

Limited liability. The basis of limited liability is that all debts incurred by a company are the company's liabilities and are not directly the legal liabilities of the shareholders or of the directors of the company. The company is a separate legal person from its shareholders and the directors.…

A beginner’s guide to limited company shares and shareholders

About Shares and Shareholders. Shareholders. What is a shareholder? This is the name given to anyone who owns ‘shares’ in a company limited by shares. As a shareholder, you own part of a company in relation to the proportion of shares you hold. ... Therefore, the nominal value represents the 'limited liability' of a company's owners.…