{"id":307,"date":"2024-06-27T13:03:12","date_gmt":"2024-06-27T13:03:12","guid":{"rendered":"http:\/\/fastforwardstories.com\/?p=717"},"modified":"2024-06-27T13:03:12","modified_gmt":"2024-06-27T13:03:12","slug":"what-is-a-limited-liability-corporation","status":"publish","type":"post","link":"https:\/\/cloud.titletapsites.com\/widman-immigrationlaw\/2024\/06\/27\/what-is-a-limited-liability-corporation\/","title":{"rendered":"What is a Limited Liability Corporation?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_or0x6ufkoq dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img decoding=\"async\" src=\"https:\/\/fast.wistia.com\/embed\/medias\/or0x6ufkoq\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\nIn US law, corporations are organizations authorized to act as a legal entity.  US law also recognizes another legal status for a company, called a &#8216;limited liability corporation&#8217;, or LLC for short.  LLCs are not separate legal entities like regular corporations, but they do provide some legal protections for owners.   LLCs can be insured separately from owners, and they also limit the personal liability of owners.  If someone sues an LLC company, their suit is against the company, not the company owners. Owner risk from the suit is commonly limited to the value of their investment in the company &#8211; with some exemptions and conditions.  Unlike corporations, LLCs are not taxed on their own.  LLCs are &#8216;pass-through&#8217; tax entities; profits and losses pass through to the owners&#8217; personal tax returns.  Creating an LLC is relatively simple, involving state filings and modest fees.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In US law, corporations are organizations authorized to act as a legal entity. US law also recognizes another legal status for a company, called a &#8216;limited liability corporation&#8217;, or LLC for short. LLCs are not separate legal entities like regular corporations, but they do provide some legal protections for owners. LLCs can be insured separately [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-307","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is a Limited Liability Corporation? - Cupertino, CA Law Firm | Law Offices of Timothy D. Widman<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cloud.titletapsites.com\/widman-immigrationlaw\/2024\/06\/27\/what-is-a-limited-liability-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a Limited Liability Corporation? - Cupertino, CA Law Firm | Law Offices of Timothy D. Widman\" \/>\n<meta property=\"og:description\" content=\"In US law, corporations are organizations authorized to act as a legal entity. US law also recognizes another legal status for a company, called a &#8216;limited liability corporation&#8217;, or LLC for short. LLCs are not separate legal entities like regular corporations, but they do provide some legal protections for owners. 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