题目内容

资料题：What is the passage mainly about?

2021-03-19

A.Thestructuresof thelimitedliability company

B.The finance of the limited liabilitycompany

C.The merits and demerits of thelimited libility company

D.The cooperation of the limitedliability company

参考资料

A limited liability compary is the newest form of 6usines orgamizatiorn, gaining popularity in recent years A limited liability compary (LLC) isa type of busine ss orwnerstip com6ining everal features of corporation and partnership structures But every coin has two sides LLC also have advantages and disadvantagesAdvuantagesLCimited liabilit: Owners of an LLC have the liability protection of a corporation. Me mbers carmot be held personally liable for debts unless they have signed a personal guarantee.Flexible profit distributior: Limited liabity companies can select varying forms of distribution of profitsNo minutes the LLC business structure requiresno corporate mirutes or resolutions and is easier to operate.Flow through taxation: alT the busine ss loses profits and expenses flow throughi the compary to the infividiad me mbers People awoid the double taxation of paying corporate tac and individual tax;DisadvantagesLimited life: Corporations can live forever, whereas an LLC is disolved when a me mber dies or undergoes bankruptcy.Going publi: Business owners xwith plans to take their compary public, or ising empoyee shares in the future, may 6e the best served 6y choosing a corporate 6usiness structure.Added complexity: rumuing a sole proprietorstip or partnership will have less paperwork and complexity. An LLC may be casfied as a sole-proprietorstip, partnership, or corporation for tax purposes Clasification can be selected or a default may apply.

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