Whois & Analysis for incorporate.com

A limited liability company (LLC) is the United States-specific form of a private limited company.

It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.

LLCs do not need to be organized for profit.

In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a very similar entity called a professional limited liability company (PLLC).

An S corporation, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code.

In general, S corporations do not pay any federal income taxes.

Instead, the corporation's income or losses are divided among and passed through to its shareholders.

The shareholders must then report the income or loss on their own individual income tax returns.

Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law).

The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.

This article focuses on the process of incorporation; see also corporation.

A company, abbreviated co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.

Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals.

Companies take various forms such as:

In financial accounting, an asset is an economic resource.

Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset.

Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).