LLC's--A Labor Day Question

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Thu Sep 2 11:14:14 PDT 1999


From uswa12 at Lorainccc.edu Thu Sep 2 07:21:26 1999

What is an LLC?

It's a hybrid of partnership and corporation: tax consequences of partnership (profits/losses flow through to personal 1040 pro-rata with ownership) but the liability of a corporation (so long as you act like a corporation, an LLC is an "entity").

/jordan



More information about the lbo-talk mailing list