Keyword Analysis & Research: inc.

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What is Inc vs LLC?

Inc. vs. LLC. This means the business is a separate legal entity and the owners ("members" of an LLC) are not legally liable for some acts and debts of the LLC. Inc. is short for Incorporated and denotes a C or S corporation. A corporation also offers liability protection but differs from an LLC in terms of ownership structure and rules,...

Can Inc be a LLC?

Even though a limited liability company (LLC) can be taxed as a corporation, its legal structure remains an LLC, as regulated by state statutes and federal tax regulations. Using the “Inc.” designation for the legal name of a company that is not incorporated can violate state law and have unintended tax repercussions.

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