What does LLC stand for?
Limited liability company
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 in and of itself; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-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 similar entity called a professional limited liability company (PLLC).
Development of non-profit housing in the United States
Forms of legal ownership structures that non-profits create include general partnerships, limited partnerships and limited liability companies (LLC). In a general partnership, two or more entities come together to form a new business entity where each partner is jointly and severally liable for all legal and financial obligations. Also,each member has a right to participate in all partnership decisions unless specified otherwise in the partnership agreement. Partnerships are not tax entities, so all tax consequences are passed directly to individual partners; partners agree to shares of tax consequences, as well as cash flow and appreciation of the project. Limited partnerships are similar to a general partnership except that one or more partners act as a general partner, and the rest of the partners are limited partners. Limited partners are treated differently than general partners in that they are only liable for the capital invested and cannot participate in routine operations or decisions of the partnership without losing their limited liability protection. The partnership agreement defines the responsibility of each partner and how the share profits and tax consequences. An LLC combines the advantages of a corporation for personal liability purposes (liability is limited to the amount of capital invested) and those of a partnership for tax purposes (the entity is not taxed).
Incorporation (business)
One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal judgments. In a corporation, however, stockholders, directors and officers typically are not liable for the company's debts and obligations. They are limited in liability to the amount they have invested in the corporation. For example, if a shareholder purchased $100 in stock, no more than $100 can be lost. On the other hand, a corporation (Corp.) or a limited liability company (LLC) may hold assets such as real estate, cars or boats. If a shareholder of a corporation is personally involved in a lawsuit or bankruptcy, these assets may be protected. A creditor of a shareholder of a Corp. or LLC cannot seize the assets of the company. However, the creditor can seize ownership shares in the corporation, as they are considered a personal asset.
Series LLC
A series limited liability company, commonly known as a series LLC and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series. In overall structure, the series LLC has been described as a master LLC that has separate divisions, which is similar to an S corporation with Q-subs.
Private limited company
Czech legislation contemplates LLCs as "společnost s ručením omezeným" ("s.r.o." or "spol. s r.o."). An "s.r.o." is not technically comparable to an LLC because the profits are still subject to double taxation. Czech law does not offer a possibility to start up a limited company without the possibility of avoiding double taxation. As of 2014 the liability is not limited in Czech, since managing director ("jednatel", mandatory board member in Czech LLCs) bears full liability that extends to all of his/her property, including private one.
Private limited company
Bosnian and Herzegovinian legislation, similarly to that in Serbia, Montenegro, Macedonia contemplates LLCs as "društvo s ograničenom odgovornošću" (d.o.o.). Companies using this structure append the abbreviation d.o.o. to their company name. A shareholder or member in a d.o.o. is only personally liable up to the value of the member’s investment in the company.
Limited liability company
LLCs are subject to fewer regulations than traditional corporations, and thus may allow members to create a more flexible management structure than is possible with other corporate forms. As long as it remains within the confines of state law, the operating agreement is responsible for the flexibility the members of the LLC have in deciding how their LLC will be governed. State statutes typically provide automatic or "default" rules for how an LLC will be governed unless the operating agreement provides otherwise.
Books LLC
Books LLC is an American publisher and a book sales club based in Memphis, Tennessee. Its primary work is collecting Wikipedia and Wikia articles and selling them as printed and downloadable books.
Legal Services Corporation
Maryland
Limited liability company
A limited liability company (LLC) is a hybrid legal entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC is a type of unincorporated association distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation, and it is well-suited for companies with a single owner.
Společnost s ručením omezeným
Společnost s ručením omezeným (lit. 'company with limited liability') is the Czech and Slovak legal structure for a private limited company (as it is known in the UK) or a LLC (as it is known in the United States). The commercial name of a limited liability company must include the designation "společnost s ručením omezeným"(Czech) or "spoločnosť s ručením obmedzeným" (Slovak), (e.g. "limited liability company"), or in abbreviated forms, ":" "spol. s r.o." or "s.r.o.".
Louisiana Lottery Corporation
The Louisiana Lottery Corporation (LLC) is a government-run lottery that is used to generate revenue without increasing taxes. The proceeds of the Lottery go to the Minimum Foundation Program that funds public education in Louisiana. The daily activities involved with running the cooperation are handled by the president of the Louisiana Lottery Cooperation. The president is under the supervision of the Lottery's nine-member governing board of directors.
LC circuit
and
Corporate law in Vietnam
The LOE prescribes that the Director of a LLC may be sued by shareholders should he fail to perform his obligations and duties. In contrast, in a SC, there are no such provisions to grant the shareholders power to bring an action against Directors who do not perform their duties. While the law lays out the fiduciary duties of the Directors, it does not provide a way to enforce these duties. This has led to the criticism that the interests of shareholders of SCs are not adequately protected.
Limited liability limited partnership
LLLPs are most common in the real estate business, although other businesses can also use the form, for example, CNN. There are significant questions about whether the limited liability provided to general partners by the LLLP election will be effective in states that do not have an LLLP statute.Though California does not have a state statute allowing formation of an LLLP, it does recognize LLLPs formed under the laws of another state. While registering an LLLP formed in another state in California will trigger the annual franchise tax of $800—the same as other entities formed in California—the statute governing whether a LLLP must register is somewhat less inclusive than the statute for out-of-state LLCs.
Anguillan company law
IBCs can only be formed as share issuing companies. Although CACs can be formed as guarantee companies, in practice almost all companies are registered as share issuing companies. LLCs do not have shareholders or issue shares, but they have members who make contributions in return for their interest as members. Legally membership interests in an LLC are a form of hybrid between traditional share capital and partnership interests in the capital of a partnership.
Tax advantage
Additionally, investments in partnerships and Limited Liability Companies also have tax advantages. For individual owners of businesses, the LLC is taxed as a sole proprietorship. This means that the entity is not taxed, but the income earned by the entity is taxed to the owner. The LLC has important tax advantages, such as the owners profits potentially being taxed at the owners lower marginal tax bracket. Furthermore, losses can offset the sole proprietor’s non-business income. If there are multiple owners of a Limited Liability Company, there is also tax advantages associated with it. They can choose to be taxed as a partnership, but they can also decide to be taxed as a corporate-entity. Partnerships are not taxed, but corporations are. For LLCs taxed as partnerships the income is taxed to the partners. For a corporation or an LLC taxed like a corporation, the entity is subject to tax and dividends on after tax income are also taxed to the shareholders of the corporation or the members of the LLC.
A capital gains tax can be thought of as tax advantaged or benefitted. When an investor receives profit by selling a capital asset, such as the sale of stock, this is taxed at the rate of the capital gains tax, which is often lower than the income tax. Thus, business owners and investors are incentivized to make profits by making capital gains rather than a steady wage.
LC
LC or Lc may refer to:
Family office
The office itself either is, or operates just like, a corporation (often, a limited liability company, or LLC), with a president, CFO, CIO, etc. and a support staff. The officers are compensated per their arrangement with the family, usually with overrides based on the profits or capital gains generated by the office. Often, family offices are built around core assets that are professionally managed. As profits are created, assets are deployed into investments. In addition, a more aggressive and well-capitalized office may be engaged in private equity and venture capital opportunities, as well as sponsoring hedge funds and owning large amounts of commercial real estate. Many family offices turn to hedge funds for alignment of interest based on risk and return assessment goals. Some family offices remain passive and just allocate funds to outside managers.
IEEE 802.2
LLC is a software component that provides a uniform interface to the user of the data link service, usually the network layer. LLC may offer three types of services:
Limited liability company
The first state to enact a law authorizing limited liability companies was Wyoming in 1977. The form did not become immediately popular, in part because of uncertainties in tax treatment by the Internal Revenue Service. After an IRS ruling in 1988 that Wyoming LLCs could be taxed as partnerships, other states began enacting LLC statutes. By 1996, all 50 states had LLC statutes.
Private limited company
In Pakistan, LLCs are known as private companies that end (Local Liability Company) with Pvt. Ltd. They should have at least Rs. 100,000 as their minimum paid up capital.
National LGBT Chamber of Commerce
The National LGBT Chamber of Commerce (NGLCC) is a U.S. not-for-profit advocacy group that aims to expand the economic opportunities and advancement of the LGBT business community. Its headquarters are in NW in Washington, D.C. NGLCC is the exclusive certifying body for LGBT-owned businesses known as LGBT Business Enterprises (LGBTBEs), and advocates for LGBT business inclusion in corporate and government supplier diversity programs. In October 2017, the organization changed its name from the National Gay & Lesbian Chamber of Commerce to National LGBT Chamber of Commerce to better reflect the entire LGBT business community it serves.
Flow-through entity
A sole proprietor is "someone who owns an unincorporated business by himself or herself." However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation. In the United States, sole proprietors "must report all business income or losses on [their] personal income tax return; the business itself is not taxed separately. The IRS refers to this as "pass-through" taxation, because business profits pass through the business to be taxed on your personal tax return.
Louisiana Lottery Corporation
The US and Louisiana governments consider winnings from all forms of gaming to be income for tax purposes. By law, the LLC must report winnings from each ticket with a prize value over $600 to the Internal Revenue Service, and the Louisiana Department of Revenue and Taxation.
Low-profit limited liability company
The L3C is designed to make it easier for socially oriented businesses to attract investments from foundations and additional money from private investors. Unlike the traditional LLC, the L3C's articles of organization are required by law to mirror the federal tax standards for program-related investing. A program-related investment (PRI) is one way in which foundations can satisfy their obligation under the Tax Reform Act of 1969 to distribute at least 5% of their assets every year for charitable purposes. While foundations usually meet this requirement through grants, investments in L3Cs and charities that qualify as PRIs can also fulfill the requirement while allowing the foundations to receive a return.
Louisiana Lottery Corporation
Voters also liked the idea, passing a constitutional amendment in 1990 creating the LLC by a 69% to 31% margin. In 2003, voters passed another constitutional amendment to dedicate Lottery proceeds to the Minimum Foundation Program that funds public education in Louisiana.
American Legislative Exchange Council
In April 2012, Common Cause filed a complaint with the Internal Revenue Service objecting to ALEC's tax status as a nonprofit organization and alleged that lobbying accounted for more than 60% of its expenditures. ALEC formally denied lobbying, although Delores Mertz, who had previously served as chairwoman of the ALEC board, said she was "concerned about the lobbying that's going on, especially with [ALEC's] 501(c)3 status". Reporting on the allegations, "Bloomberg Businessweek" compared ALEC's work to that of lobbyists, noting, "part of ALEC's mission is to present industry-backed legislation as grass-roots work," and that being a nonprofit rather than a lobby group allows deductibility of membership dues and freedom from disclosing the names of legislators who attend its educational seminars or the executives who give presentations to those legislators. William Schluter, vice chairman of the New Jersey Ethics Commission and a former Republican state senator, said of ALEC's activities, "When you get right down to it, this is not different from lobbying. It is lobbying. ...Any kind of large organization that adds to public policy or has initiatives involving public policy should be disclosed—not only their name, but who is backing them." According to "Governing" magazine, ALEC legislators often have their travel expenses paid as "scholarships" and are "wined and dined and golf-coursed" by private sector members. In July 2013 Common Cause submitted a supplemental brief to the IRS complaining about these practices.
Corporate law
The defining feature of a corporation is its legal independence from the shareholders that own it. Under corporate law, corporations of all sizes have separate legal personality, with limited or unlimited liability for its shareholders. Shareholders control the company through a board of directors which, in turn, typically delegates control of the corporation's day-to-day operations to a full-time executive. Shareholders' losses, in the event of liquidation, are limited to their stake in the corporation, and they are not liable for any remaining debts owed to the corporation's creditors. This rule is called limited liability, and it is why the names of corporations end with "Ltd.". or some variant such as "Inc." or "plc").
List of legal entity types by country
For federal tax purposes, the Internal Revenue Service has separate entity classification rules. Under the tax rules, an entity may be classified as a corporation, a partnership, a cooperative or a disregarded entity. A corporation may be taxed as either a C corporation or elect to be treated as a Subchapter S corporation. A disregarded entity has one owner (or a married couple as owner) that is not recognized for tax purposes as an entity separate from its owner. Types of disregarded entities include single-member LLCs; qualified sub-chapter S subsidiaries and qualified real estate investment trust subsidiaries. A disregarded entity's transparent tax status does not affect its status under state law. For example, for federal tax purposes, a sole-member LLC (SMLLC) is disregarded, so that all its assets and liabilities are treated as owned by its single member. But under state law, an SMLLC can contract in its own name and its owner is generally not personally liable for the debts and obligations of the entity. To be recognized as a Cooperative for tax purposes Cooperatives must follow certain rules under Sub Chapter T of the Internal Revenue Code.
Logical link control
The LLC sublayer acts as an interface between the media access control (MAC) sublayer and the network layer.
Limited company
In the United States, corporations have limited liability and the expression "corporation" is preferred to "limited company". A "limited liability company" (LLC) is a different entity. However, some states permit corporations to have the designation "Ltd." (instead of the usual "Inc.") to signify their corporate status. A Limited company must file annual tax returns ("corporation" tax returns) with the Securities and Exchange Commission.
Private limited company
In Spain, LLCs are called "Sociedad de responsabilidad limitada" (SRL), "company of limited responsibility", or "sociedad limitada" (SL), or "limited partnership". They are tax subject, and company shares cannot be sold in a public market, the transference of them having to be done compulsorily in the presence of a civil law notary, in the same way other major properties have to be sold. Nonetheless, the responsibility of the partners is limited to the capital share they hold, and the minimum capital required by law for a "S.L." is at least €3,000.
Corporate law in Vietnam
The rights and obligations of business enterprises are provided for in Articles 8–10; but might differ slightly should the enterprise offer public services or products.
Owners in LLCs have to contribute capital in full and on time. In one-member LLCs, the owner will be responsible for debts and other property obligations if he fails to do so. Meanwhile, in multi-member LLCs, members are to contribute capital in the type of asset, and any change is subject to the consent of other members.
Limited liability company
For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual tax return. Thus, income from the LLC is taxed at the individual tax rates. The default tax status for LLCs with multiple members is as a partnership, which is required to report income and loss on IRS Form 1065. Under partnership tax treatment, each member of the LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting the member's distributive share of the LLC's income or loss that is then reported on the member's individual income tax return. On the other hand, income from corporations is taxed twice: once at the corporate entity level and again when distributed to shareholders. Thus, more tax savings often result if a business formed as an LLC rather than a corporation.
Medium access control
These two sublayers together correspond to layer 2 of the OSI model. For compatibility reasons, LLC is optional for implementations of IEEE 802.3 (the frames are then "raw"), but compulsory for implementations of all other IEEE 802 standards. Within the hierarchy of the OSI model and IEEE 802 standards, the MAC block provides a control abstraction of the physical layer such that the complexities of physical link control are invisible to the LLC and upper layers of the network stack. Thus any LLC block (and higher layers) may be used with any MAC. In turn, the medium access control block is formally connected to the PHY via a media-independent interface. Although the MAC block is today typically integrated with the PHY within the same device package, historically any MAC could be used with any PHY, independent of the transmission medium.
Inventory Locator Service
Inventory Locator Service, LLC (ILS) is an American company that started the first e-Marketplace for aviation, marine, and defense industries. ILS has its headquarters in Memphis, Tennessee, United States of America; with relationships globally, especially in North America, through its parent company Aviall, Inc., a subsidiary of the Boeing Company. Inventory Locator Service was started in May 1979 by John Williams, founder of The Memphis Group, an aircraft parts dealer. ILS provided a business-to-business marketplace for its subscribers to search among millions of parts and negotiate orders.
Fonqhwang Hairpin
LLC LLC CLCCLLC LLC LLC CCLL CLLC C C
LLCC
LLCC may mean:
Sindicato Labrego Galego-Comisións Labregas
CCLL was against the entrance of Galicia in the common market, due to the dismantlement the Galician agrarian productive sectors faced with the Common Agricultural Policy. In fact, milk quotas and new taxes damaged the Galician agrarian sector during the second half of the 80s, which saw the closing of many farms. The struggle against the milk quotas and taxes became the new focus of the CCLL. In 1989 the organization changed its name to Sindicato Labrego Galego-Comisións Labregas and its acronym to SLG. The same year Lidia Senra became the leader of the SLG, and remained in that position until 2007.
Series LLC
Illinois has restricted the rights given to the members of a series LLC to create new series because Illinois requires public filing. This has removed some of the cost savings of a series LLC. Illinois law specifically states that a series of an LLC "shall be treated as a separate entity to the extent set forth in the articles of organization," and then also provides that each series may "in its own name, contract, hold title to assets, grant security interests, sue and be sued and otherwise conduct business and exercise the powers of a limited liability company…" The other five states that have enacted series legislation do not treat series as separate entities and do not allow series to enter into contracts or sue or be sued. Delaware further provides that to achieve the liability segregation that the series afford (the "internal shield"), the LLC must keep a separate set of records for each series, and to have a series enabling statement in its Certificate of Formation.
Lewis &amp; Clark Baseball League
The league is not blind to the fact that young adults get excited to be seen by pro scouts. For this reason, the LCBL is in the preliminary talks with members of the St. Louis Cardinals front office, in hopes they might expand their presence in 2014.
All these factors hark back to the decision to name the league after Meriwether Lewis and William Clark. Their historical journey through the unknown epitomized the primary objective of the LCBL. For a college kid, post-baseball life is the great unknown. The league is tailored to the NCAA tagline: ""There are over 380,000 student-athletes, and most of us go pro in something other than sports."" With ample internship opportunities to use their time in St. Louis as a networking, personal marketing, and resume-building experience players leave the summer having found their way in more than just baseball wins and losses.
Low-profit limited liability company
An L3C is a for-profit, social enterprise venture that has a stated goal of performing a socially beneficial purpose, not maximizing income. It is a hybrid structure that combines the legal and tax flexibility of a traditional LLC, the social benefits of a nonprofit organization, and the branding and market positioning advantages of a social enterprise. The L3C is obligated to be mission-driven so there is a clear order of priorities for its fiduciaries.
Private limited company
Because of its hybrid characteristics it is very difficult to determine the German equivalent. On one hand it is possible to consider it as a kind of "Gesellschaft mit beschränkter Haftung" (GmbH) because it has aspects of a corporation; on the other hand it could be considered to be a kind of "Kommanditgesellschaft" (KG), which is the German equivalent of a limited partnership. Based on the literal translation of the word "company", an LLC should be considered to be a kind of KG without any liable partner. The German equivalent that comes closest to LLC, is GmbH & Co KG, a nested Kommanditgesellschaft (KG) where a Gesellschaft mit beschränkter Haftung (GmbH) takes the role of the fully liable partner. For the purpose of taxation, the Bundesfinanzministerium (German Federal Ministry of Finance) gives detailed guidelines of the circumstances under which an LLC is to be considered to be a "corporation" or as a "limited partnership". It is useful to note, however, that the original LLC statutes of Wyoming and other US states were more or less explicitly modeled after the GmbH.
Major League Cricket
Major League Cricket, or MLC, is a New York based company dedicated to running a professional cricket competition within the United States, as well as developing and promoting the sport to raise its profile in North America. MLC has not been recognised by the United States of America Cricket Association (USACA), and thus has no official status within the recognised international structure of cricket.
Legal Services Corporation
South Carolina
Private limited company
In Norway, the closest to an LLC is probably the "kommandittselskap" (KS). In a K/S there are two types of participants, one " komplementar" which is fully liable, and one or more "kommandittist", with limited liability. There are minimum capital requirements. The KS is a tax-transparent company, which means the income "passes through" the company directly to the shareholders.
Cayman Islands company law
The constitutional documents of an LLC is the LLC agreement. This is much more closely akin to a partnership agreement than to the memorandum and articles of association of a company. The LLC agreement is not filed or registered with the Companies Registry.
NEC SX-Aurora TSUBASA
The cores of a vector engine share 16MB of "Last-Level-Cache" (LLC), a write-back cache directly connected to the vector registers and the L2 cache of the SPU. The LLC cache line size is 128 Bytes. The priority of data retention in the LLC can to some extent be controlled in software, allowing the programmer to specify which of the variables or arrays should be retained in cache, a feature comparable to that of the Advanced Data Buffer (ADB) of the NEC SX-ACE.
League of Legends Continental League
League of Legends Continental League (LCL) () is the top level of professional "League of Legends" competition in Commonwealth of Independent States and Baltic States (refer to all countries of Post-Soviet states). There are 8 teams in the competition. Each annual season of play is divided into two splits, spring and summer, both consisting of seven weeks of round-robin tournament play, which then conclude with play-off tournaments between the top four teams. The winners of each split qualifies for the MSI and World Championship.
Limited liability company
Although LLCs and corporations both possess some analogous features, the basic terminology commonly associated with each type of legal entity, at least within the United States, is sometimes different. When an LLC is formed, it is said to be "organized,” not "incorporated" or "chartered,” and its founding document is likewise known as its "articles of organization," instead of its "articles of incorporation" or its "corporate charter.” Internal operations of an LLC are further governed by its "operating agreement," rather than its "bylaws." The owner of beneficial rights in an LLC is known as a "member," rather than a "shareholder.” Additionally, ownership in an LLC is represented by a "membership interest" or an "LLC interest" (sometimes measured in "membership units" or just "units" and at other times simply stated only as percentages), rather than represented by "shares of stock" or just "shares" (with ownership measured by the number of shares held by each shareholder). Similarly, when issued in physical rather than electronic form, a document evidencing ownership rights in an LLC is called a "membership certificate" rather than a "stock certificate".
Series LLC
There is uncertainty as to whether the liability shield between LLC series is fully effective in states that do not have series LLC laws. In the 2013 case of "Alphonse v. Arch Bay Holdings, LLC", the United States Court of Appeals for the Fifth Circuit interpreted the application of the Louisiana Unfair Trade Practices Act to alleged violations by a Delaware series LLC. The court held that Louisiana law (which does not recognize the series LLC concept) would apply to determine whether a particular series of an LLC or the entire LLC would be the proper party to the litigation.
Blocker corporation
Most private equity funds and hedge funds are composed as limited partnerships, or as LLCs (Limited Liability Company) which for tax purposes is considered a Limited Partnership, unless the fund formally elects to be taxed as a corporation. This allows the fund itself to avoid taxation, as each of the individual investors is taxed as a partner with respect to the share of profits attributable to the partner's personal equity interest. By comparison, a fund set up as a C Corporation would be subject to tax for its earnings, and then the limited partners would be subject to tax when they received their profit in the form of dividends distributed by the corporation. Thus, the LLC or LP format allows a fund to avoid double taxation.
Lutheran Congregations in Mission for Christ
LCMC was started by the WordAlone Network as an alternative for local churches who no longer felt that they could remain in the ELCA and work to reform it. In 2001 the organization began with 31 congregations as charter members. As of July 2016 membership was reported as 934 congregations, including 734 US congregations in 41 states, the U.S. Territories of Guam and Puerto Rico, as well as over 100 congregations in 17 other countries (including Belarus, Cambodia, Canada, Mexico, Nicaragua, Russia, and Vietnam). LCMC is now the fourth largest Lutheran group in the United States, after the ELCA, LCMS, and Wisconsin Evangelical Lutheran Synod (WELS).
LCMC is congregational in structure, rejecting the historic episcopate which was adopted by the ELCA, the denomination to which many LCMC members had previously belonged, in the (CCM) Call to Common Mission.
Local authority search
The LLC1 form is obtained from Her Majesty's Stationery Office and is in general submitted by the solicitor or licensed conveyancer of the property buyer. The following information could be obtained from LLC1, a search of the local land charges register:The CON 29 document consists of two separate parts; CON 29(R) and CON 29(O). R stands for "Required" meaning that these questions apply in all transactions and O stands for "Optional", which means that it is open to a conveyancer to make these enquiries if appropriate to the transaction and property. Examples of the environmental information that are provided by CON 29(R) include the following:The CON 29(O) form deals with a number of extra enquiries, which are optional depending on the property circumstances. Examples of the enquiries dealt with by the CON 29(O) include the following:In 2013-14, the Law Society of England and Wales carried out a consultation (available via the Law Society website) on revisions to both CON29 forms.
Types of legal entities in Russia
LLC is set up by one or several persons (legal entities and/or individuals), its charter capital is divided into participatory shares, and LLC participants are not liable for company's obligations and bear the risk of losses to the extent of the contributions made by them. The number of shareholders may not exceed 50.
In a PrivJSC shares are distributed only among its founders or another predetermined group of persons. A closed company has the right to conduct a closed subscription to its shares, while the shareholders of a closed company have a pre-emptive right to purchase shares sold by other company shareholders. The number of company's shareholders should not exceed 50.
An open company has the right to conduct open subscription to its shares – among an unlimited group of persons and closed subscription (a limited predetermined group of persons), if the opportunity to conduct a closed subscription is not limited by company's charter or legal acts. Shareholders do not have a pre-emptive right to purchase shares sold by other shareholders of the company. The number of shareholders is unlimited.
Labor Council for Latin American Advancement
The Labor Council for Latin American Advancement (LCLAA) is a nonprofit, nonpartisan Latino organization affiliated with the AFL-CIO and the Change to Win federation. It was formed in 1973 to provide Latino trade union members in the United States with a more effective voice within the AFL-CIO, to encourage Latino participation on the democratic process, and to encourage the organization of Latino workers into labor unions.
Lee Kravitz
Kravitz is president of Youth Communication Inc., a publisher of writing by and for inner-city youth and teens in foster care He is a founding board member of The League: Powered by Learning to Give, which is developing a new school- and web-based model for community service. He has served on the boards of the Public Education Network National History Day and Youth Service America. He has also been a member of the Institute of Medicine’sRoundtable on Health Literacy. He has also been involved with Freedom Forum and the Alumni Association of Columbia’s Graduate School of Journalism. He is a past member of the National Council for Social Studies and the National Council on History Education.
Limited liability company
Effective August 1, 2013, the Delaware Limited Liability Company Act provides that the managers and controlling members of a limited liability company owe fiduciary duties of care and loyalty to the limited liability company and its members. Under the amendment (prompted by the Delaware Supreme Court's decision in "Gatz Properties, LLC v. Auriga Capital Corp"), parties to an LLC remain free to expand, restrict, or eliminate fiduciary duties in their LLC agreements (subject to the implied covenant of good faith and fair dealing).
Registered agent
Most businesses are not individuals but instead business entities such as corporations or limited liability companies (LLCs). This is because there are substantive (and substantial) liability protections as well as tax advantages to being "incorporated" as opposed to being "self-employed".
Corporate law in Vietnam
Where the MC/Chairman of the LLC fails to convene a requested meeting within 15 days of the request, he must bear personal liability for any damage that may result to the company.
Articles of organization
Regardless of what the Articles promulgate, the LLC is bound by the specific state laws that it is formed under. A common misconception is that LLCs formed by improper articles of organization do not have the limitation of liability protection allowed by the state. If the state statute allows for limitation of the members' and managers' liability, the said members and managers are covered under that protection regardless of what articles of organization state.
Lewis &amp; Clark Baseball League
The Lewis & Clark Baseball League, or LCBL, was (the league folded after the 2016 season) a collegiate summer baseball league comprising teams of the top college players from the St. Louis metropolitan area and beyond. Founded by Nicholas R. A. Mahrt in 2013, this upstart amateur baseball season runs from June through early August in the St. Louis metropolitan area. It is a non-profit organization and the charter member of the Commonwealth Leagues United a nationwide collection of baseball leagues that put the emphasis on student-athlete's summer work/study opportunities. Players are not paid, as to maintain their college eligibility and amateur status; their ages range from 18-23.
Lutheran Congregations in Mission for Christ
Lutheran Congregations in Mission for Christ (LCMC) is an association of Lutheran congregations in the United States. It describes itself as an affiliation of autonomous Lutheran churches and not a denomination. It began in 2001 in response to some liberal views of the Evangelical Lutheran Church in America (ELCA). LCMC is characterized by the stances it takes on Lutheran polity, biblical authority, and human sexuality. The group describes itself as "centrist" or "mainstream", noting that it stands between the more liberal ELCA and the more conservative Lutheran Church–Missouri Synod (LCMS) and other Lutheran church bodies in North America.
Legal Services Corporation
Louisiana
.lk
.lk (.ලංකා/.இலங்கை) is the Internet country code top-level domain (ccTLD) for Sri Lanka. Foreign companies who do not have a local presence can only reserve their top-level and corresponding open second-level domains (either through the LK Domain Registry or agents). In order to register and use a name they must have a contact address in Sri Lanka (which may be obtained through an agent or law firm).
Limited liability company
Under 6 Del. C. Section 18-101(7), a Delaware LLC operating agreement can be written, oral or implied. It sets forth member capital contributions, ownership percentages, and management structure. Like a prenuptial agreement, an operating agreement can avoid future disputes between members by addressing buy-out rights, valuation formulas, and transfer restrictions. The written LLC operating agreement should be signed by all of its members.
Books LLC
In brackets: kind of material published and sold.
Private limited company
Although not an exact equivalent, the Finnish version of the LLC is the Oy (osakeyhtiö) or in Swedish Ab (aktiebolag). An Oy is taxed as a corporation. The minimum capital required by law is €2,500.
Private limited company
Hungarian legislation contemplates LLCs as "Korlátolt felelősségű társaság". Companies working under this structure append the abbreviation "Kft." to their name. Hungarian LLCs are required to have a 3 million HUF (Hungarian Forint) (approx. 11,000 USD) starting capital. The time of formation by the new electronic formation option has been reduced from 2 weeks to 2 hours, additional cost of formation is around 100,000 HUF (approx. 540 USD). Kft.s can be formed by the cooperation of lawyers.
Circle Sanctuary
Circle Sanctuary founded the Lady Liberty League in 1985. The LLL is the "religious freedom support service" of Circle, providing information and networking for those who are working with religious freedom issues relevant to Wicca and/or Nature spirituality. In addition, the LLL worked actively to counter negative stereotypes of Neopagans, and has assisted others in furthering Wicca's acceptance. A recent example is the struggle to win approval from the United States Military to place pentacles on the memorial markers for Wiccan soldiers killed in the line of duty.
Limited liability company
An LLC with either single or multiple members may elect to be taxed as a corporation through the filing of IRS Form 8832. After electing corporate tax status, an LLC may further elect to be treated as a regular C corporation (taxation of the entity's income prior to any dividends or distributions to the members and then taxation of the dividends or distributions once received as income by the members) or as an S corporation (entity level income and loss passes through to the members). Some commentators have recommended an LLC taxed as a S-corporation as the best possible small business structure. It combines the simplicity and flexibility of an LLC with the tax benefits of an S-corporation (self-employment tax savings).Although there is no statutory requirement for an operating agreement in most jurisdictions, members of a multiple member LLC who operate without one may encounter problems. Unlike state laws regarding stock corporations, which are very well developed and provide for a variety of governance and protective provisions for the corporation and its shareholders, most states do not dictate detailed governance and protective provisions for the members of a limited liability company. Thus, in the absence of such statutory provisions, the members of an LLC must establish governance and protective provisions pursuant to an operating agreement or similar governing document.
Legal Services Corporation
Ohio
Credit union service organization
A CUSO in the US may be organized as a corporation, a limited liability corporation (LLC) or as a limited partnership (LP), where the credit union participating as a limited partner only. Credit unions are not authorized to be general partner. No matter which organizational form is used, the liability of the credit union owners must be limited to their investment. Due to the flexibility and favorable tax treatment, LLCs are the most common organizational entity.
Public company
Public companies are formed within the legal systems of particular nations, and therefore have national associations and formal designations which are distinct and separate. For example one of the main public company forms in the United States is called a limited liability company (or LLC), in France is called a "society of limited responsibility" (SARL), in Britain a public limited company (plc), and in Germany a company with limited liability (GmbH). While the general idea of a public company may be similar, differences are meaningful, and are at the core of international law disputes with regard to industry and trade.
Legal Services Corporation
District of Columbia
WordAlone
Perhaps more controversially, WordAlone also started a body called Lutheran Congregations in Mission for Christ (LCMC) which is now legally and organizationally separate from WordAlone though there is some cooperation between the two. LCMC provides organizational resources for congregations that are dissatisfied with the ELCA leadership. Churches that join may either remain members of the ELCA or other Lutheran denominations or may sever such ties and claim the LCMC as their only denominational affiliation. The LCMC describes itself as a "centrist" Lutheran organization and permits the ordination of women. This sets the LCMC apart the Lutheran Church–Missouri Synod and the Wisconsin Evangelical Lutheran Synod, the two major confessionalist Lutheran bodies in the U.S. In keeping with its emphasis on congregational authority, the LCMC rarely makes statements on social or theological issues, although it has issued an "admonition" that sexual activity take place "only within the boundaries of marriage between one man and one woman."
Lloyd's of London
When corporations became admitted as Lloyd's members, they often disliked the traditional structure. Insurance companies did not want to rely on the underwriting skills of syndicates they did not control, so they started their own. An integrated Lloyd's vehicle (ILV) is a group of companies that combines a corporate member, a managing agent, and a syndicate under common ownership. Some ILVs allow minority contributions from other members, but most now try to operate on an exclusive basis.
Operating agreement
An operating agreement is a key document used by LLCs because it outlines the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners. Once the document is signed by the members of the limited liability company, it acts as an official contract binding them to its terms. Operating agreement is mandatory as per laws only in 4 states - California, Delaware, Maine, Missouri, and New York . However, it's always recommended to get the operating agreement drafted as soon as you form your LLC. LLCs operating without an operating agreement are governed by the state's default rules contained in the relevant statute and developed through state court decisions. An operating agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi-member LLCs. In single-member LLCs, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the individual owner and thus necessary so that the owner has documentation to prove that he or she is indeed separate from the entity itself.
Unlimited liability corporation
An unlimited liability corporation (ULC) is a Canadian corporation designation, wherein shareholders are liable up to unlimited amounts for any liability, act or default of the corporation. By comparison, in most corporations, shareholders are not usually liable due to a limited liability model. ULCs can be used by American corporations for tax planning, as ULCs are treated as corporations for Canadian tax purposes but as flow-through entities for American tax purposes.
Stony Brook University student housing
H quad is home to two Living and Learning centers: the Community Service LLC in James college, and the Leadership Development LLC in Langmuir college. The Community Service LLC combines academics with community service via a minor in community service learning. The goal of this LLC is to build on research and methods of community service and involvement. The Leadership Development LLC combines academics with leadership strategies via a minor in Leadership development. The goal of this LLC is to create students who are grounded academically, and who know enough about leadership strategies to motivate the work of others in meaningful ways
Private limited company
Although not an exact equivalent, the Argentine variant of the LLC is called "Sociedad de Responsabilidad Limitada (S.R.L.)" and it limits the liability of its members up to their capital contribution in the company. The equity is divided into equal stakes (can not be called "shares"), each one of which represents a percentage of the company and that can not be traded on the stock exchange. Their by-laws are regulated by law N° 19550 and the commercial partnership is limited to a maximum of 50 partners.
University of Maryland, Baltimore County
The Humanities Floor LLC is composed of students interested in—though not necessarily majoring in—the humanities. It facilitates intelligent discussion and field trips related to the humanities. Residents must attend four sponsored events and assist in planning floor activities. Many of the accepted Humanities Scholars choose to reside on the Humanities Floor LLC. The students who live on the floor find a community of like-minded scholars to study with and join in social activities with.
The Intercultural Living Exchange LLC aims to promote cultural diversity. Residents are mentored by international students and participate in social events centered around cultural items, such as holidays, movies, or cuisine. Students earn academic credit for participating in this LLC. Students can participate in language immersion and live with others who are studying French, Spanish, Korean, or Chinese.
Link 22
A single LLC can handle multiple networks depending on the type of media. The system can use a maximum of four LLCs which would be one LLC per network, but this would be an unusual configuration. A typical system will employ one LLC when up to four HF, or two UHF or one UHF and three HF networks are deployed. If more than two UHF Networks are deployed, two LLCs are needed. Associated with the LLC and its key loading, a Data Terminal Device (DTD), which is used to load the keys into the LLC, would need to be acquired from the national crypto agency. Depending on the method of key distribution employed, a paper tape reader KOI-18 may also be required. It is possible to distribute encrypted keys as PC files, in which case a special serial cable would be required to load the file from a PC into the DTD.
The current LLC is a 19" rack mountable unit. The manufacturer refers to the LLC as the KIV-21/LLC.
Private limited company
AOL was set up as an LLC during its ownership by Time Warner from 2001 to 2008. There is a similar setup for BMW's American subsidiary, BMW of North America, LLC. Chrysler has been an LLC since restructuring during the auto industry bailout of 2009, owned by Fiat Chrysler Automobiles N.V..
Cayman Islands company law
The second is limited liability companies (or LLCs) formed under the Limited Liability Companies Law, 2016. LLCs are a form of hybrid between companies and partnerships. Although they have separate legal personality (like companies) they do not have share capital, are managed by the majority vote of their members (like partnerships)
Louisiana Lottery Corporation
The Louisiana Lottery Corporation (LLC) began in 1991, after the 1990 Louisiana legislature proposed a government-run lottery (ACT 1045) as a way to generate revenue without increasing taxes. Due to the Lottery's unique operations, the Legislature recognized a corporate structure would suit it best.
Cornell North Campus
Founded in 1994, the Latino Living Center is located in Anna Comstock House on North Campus, across the street from Risley Residential College. Every year, the Latino Living Center houses 56 residents from all over the world. Residents are not exclusively students with Latino heritage, since one of the goals of the program house is to give other students the opportunity to immerse themselves in Latino culture.
The LLC has numerous programs during the year. Every year, student organizations and fraternities hold events in the house in order to promote student activism. The LLC's main program is its Cafe con Leche Series, in which student organizations make a presentation of cultural, educational or political relevance for the event.
Collateralized loan obligation
The reason behind the creation of CLOs was to increase the supply of willing business lenders, so as to lower the price (interest costs) of loans to businesses and to allow banks more often to immediately sell loans to external investor/lenders so as to facilitate the lending of money to business clients and earn fees with little to no risk to themselves. CLOs accomplish this through a 'tranche' structure. Instead of a regular lending situation where a lender can earn a fixed interest rate but be at risk for a loss if the business does not repay the loan, CLOs combine multiple loans but don't transmit the loan payments equally to the CLO owners. Instead, the owners are divided into different classes, called "tranches", with each class entitled to more of the interest payments than the next, but with them being ahead in line in absorbing any losses amongst the loan group due to the failure of the businesses to repay. Normally a leveraged loan would have an interest rate set to float above three-month LIBOR (London Inter-bank Offered Rate), but potentially only a certain lender would feel comfortable with the risk of loss associated with a single, financially leveraged borrower. By pooling multiple loans and dividing them into tranches, in effect multiple loans are created, with relatively safe ones being paid lower interest rates (designed to appeal to conservative investors), and higher risk ones appealing to higher risk investors (by offering a higher interest rate). The whole point is to lower the cost of money to businesses by increasing the supply of lenders (attracting both conservative and risk taking lenders).
Series LLC
Until recently, Delaware did not clearly state that each series could sue, enter into contracts, etc. on its own, without the entire company being named in the lawsuit. Delaware clarified its legislation that a series can now enter into contracts, hold title to assets, grant liens and security interests and sue or be sued. In several other respects, series are not treated by Delaware as separate entities. For example, series are not separately registered and they cannot merge or consolidate with other entities, convert into other entity types or domesticate to another jurisdiction. The Delaware Division of Corporations will not provide a separate certificate of good standing for each series, but it will provide a certificate of good standing saying that the entire company is a series LLC (and not just a traditional LLC).
Legal Electronic Data Exchange Standard
The Legal Electronic Data Exchange Standard is a set of file format specifications intended to facilitate electronic data transmission in the legal industry. The phrase is abbreviated LEDES and is usually pronounced as "leeds". The LEDES specifications are maintained by the LEDES Oversight Committee (LOC), which was formed by the Law Firm and Law Department Services Group within PricewaterhouseCoopers. Members of the committee have included law firms, corporate legal departments, universities, and software vendors. The LOC was first informally created in 1995 to address e-billing issues and then incorporated as a California mutual-benefit nonprofit corporation in 2000.
Louisiana Lottery Corporation
In addition to an annual "clean bill of health" from the Legislative Auditor, the LLC continues to receive national recognition for excellence in financial reporting.
The LLC ranks first among jurisdictional lotteries for percentage of revenue transferred to its government. Operating solely from self-generated revenue, the Lottery contributes more than $100 million yearly to the Minimum Foundation Program that funds public education in Louisiana.
Combat support
Combat Service Support (CSS), known in the Marine Corps as the Logistics Combat Element (LCE), is responsible for providing direct logistical support to GCE units and general logistical support throughout the MAGTF. Combat Logistics Battalions (CLBs) provide motor transport, supply distribution, and landing support (i.e., materiel handling) directly to dedicated GCE units, while Combat Logistics Companies (CLCs) provide direct logistical support to dedicated ACE units. (The ACE also contains two specialized types of CSS units, Marine Aviation Logistics Squadrons (MALS) and Marine Wing Support Squadrons (MWSS). The MALS provides direct intermediate aircraft maintenance, aviation supply, and aviation ordnance support to dedicated aircraft squadrons, while the MWSS provides airfield services to a dedicated Marine Aircraft Group (MAG)). Supply, maintenance, transportation support, engineer support, medical, and dental battalions provide general logistical support throughout the MAGTF.
Asset protection
All fifty U.S. states also have laws that protect the owners of a corporation, limited partnership, or limited liability company from the liabilities of the entity. Many states limit the remedies of a creditor of a limited partner or a member in an LLC, thereby providing some protection for the assets of the entity from the creditors of a member.
Lincoln–Douglas debate format
Lincoln–Douglas debate (commonly abbreviated as LD Debate, or simply LD) is a type of one-on-one debate practiced mainly in the United States at the high school level. It is sometimes also called values debate because the format traditionally places a heavy emphasis on logic, ethical values, and philosophy (also called as logos, ethos and pathos). The Lincoln–Douglas Debate format is named for the 1858 Lincoln–Douglas Debates between Abraham Lincoln and Stephen A. Douglas, because their debates focused on slavery and the morals, values, and logic behind it. LD Debates are used by the National Speech and Debate Association, or NSDA (formerly known as the National Forensics League, or NFL) competitions, and also widely used in related debate leagues such as the National Christian Forensics and Communication Association, the National Catholic Forensic League, the National Educational Debate Association, the Texas University Interscholastic League, Texas Forensic Association, Stoa USA and their affiliated regional organizations. The vast majority of tournaments use the current NSDA resolution.
Military Order of the Loyal Legion of the United States
Today, the Order serves as a hereditary society (male descendants of eligible officers) rather than as a functioning military order (though many Companions are either military veterans or even on active military duty). Among other activities, Companions organize and participate in commemorative events, provide awards to deserving ROTC cadets, and assist with preservation efforts. Of special note is that, each year, the Loyal Legion commemorates President Lincoln's birthday with a wreath-laying ceremony at the Lincoln Memorial in Washington, D.C. In 2009, the MOLLUS helped coordinate an extended tribute with the help of the Abraham Lincoln Bicentennial Commission to celebrate the two-hundredth anniversary of Lincoln's birthday.
Series LLC
This method of liability segregation was first called the "Delaware Series LLC" because the first state to enact this legislation was Delaware (in 1996). Wisconsin passed a stripped-down version of the series LLC legislation in 2001. As of April 2005, Iowa and Oklahoma already had passed similar acts. Later in 2005, Illinois and Nevada followed. Tennessee and Utah passed legislation effective in 2006. Texas enacted non-entity series LLC legislation in 2009. Montana enacted Series LLC legislation in 2011, since becoming a popular organizational structure for captive insurance companies.
The Lincoln Center for Family and Youth
The Lincoln Center for Family and Youth (TLC), headquartered in Audubon, Pennsylvania, is a nonprofit alternative education and social services agency that provides education, coaching, and counseling services to students and families who need socioemotional support. TLC was established in 1970 as a community-based services division of the Eagleville Hospital in Eagleville, Pennsylvania. In 1975, TLC opened its first alternative school to serve at-risk public school students. TLC incorporated in 1983 and became an independent 501(c)(3) nonprofit educational organization. Today, TLC provides an experiential problem-based learning alternative education program for students in grades 7-12, in-school individual counseling services for public school students, mobile counseling services (e.g., substance abuse, family strengthening, home organization, case management) for students and their families, and trauma-informed counseling services for victims of crime.
Lloyd Law College
Lloyd Law College (abbreviated as LLC) is a law school in India. The institution is located in Greater Noida, Uttar Pradesh. It offers five years integrated course in B.A LL.B and 3 years LL.B course with specialisation in different areas of law.
Private limited company
A Limited Liability Company (LLC) is the most common type of registration in the UAE and is recommended where the purpose of the entity is to make sales within the region. 100% foreign ownership of such an entity is not permitted. 
Under the UAE Commercial Companies Law (CCL), foreign investors are permitted to hold up to 49 per cent equity ownership in UAE companies and 51 per cent of the equity must be held at all times by one or more UAE nationals. In accordance with Article (218) of the CCL a Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the capital of the company. Recent amendments to Article (217) of the CCL that came into force in June 2009 removed the requirement for minimum share capital (previously AED 300,000 in Dubai and AED 150,000 in other Emirates) allowing founders of a limited liability company the freedom to determine the company’s share capital which could be less than the earlier prescribed bottom line. Shares of an LLC are not open for subscription by the public. Despite the split in shareholdings, profits may be divided in other ratios agreed upon, taking into consideration efforts of foreign partners in management, provision of technology or expertise. Responsibility for the management of a LLC can be vested in the foreign partner or UAE national partners or a third party. A LLC must appoint a minimum of one manager and up to a maximum of five managers for the business. Managers must be appointed by a Memorandum of Association or by a management contract, for a fixed term or an unlimited term. Unless the Memorandum of Association states otherwise, the manager has full powers of administration and management of the LLC.
LLC is not allowed to practice its activities in the UAE without a Trade License and Commercial Registration Certificate.
Articles of organization
Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney to draft articles of organization. Articles must be drafted to meet the state requirements to form a LLC.