Deutsch: LLC / Español: LLC / Português: LLC / Français: LLC / Italiano: LLC
LLC may refer to a Limited liability company,, a bureau form of business enterprise in the US.

It is a type of business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability protection of a corporation.

Here are some examples of how LLCs are used in industry:

  1. Manufacturing LLCs: LLCs can be used for manufacturing businesses of all sizes. An LLC structure can provide protection for the owners while also allowing them to take advantage of certain tax benefits.

  2. Construction LLCs: Many construction businesses are structured as LLCs. This structure provides liability protection for the business owners, which can be important in an industry where accidents and injuries can occur.

  3. Oil and Gas LLCs: The oil and gas industry often utilizes LLCs for drilling and exploration activities. This structure allows for flexibility in ownership and management while also providing liability protection.

  4. Consulting LLCs: Consulting businesses can benefit from the flexibility and tax advantages of an LLC. Many independent consultants and small consulting firms choose this structure for their businesses.

Similar things to LLCs in the industrial context include other business structures that offer liability protection to the owners. These might include S-Corporations, C-Corporations, and partnerships. In addition, businesses in the industrial sector may use other legal structures, such as joint ventures or subsidiaries, to structure their operations.


Related Articles to the term 'LLC'

'Business' at quality-database.eu ■■■■■■■■■■
Business in the context of quality management refers to the structured approach organizations use to . . . Read More
'Accident' at maritime-glossary.com ■■■■■■
Accident: An accident, mishap, or, more archaically, misadventure, is an unforeseen and unplanned event . . . Read More
'Safety' at quality-database.eu ■■■■■■
Safety in the quality management context refers to the aspect of an organization's operations that focuses . . . Read More
'Flexibility' at maritime-glossary.com ■■■■■
Flexibility in the maritime context refers to the adaptability and resilience of vessels, operations, . . . Read More
'Standard' at maritime-glossary.com ■■■■
Standard: In the maritime context, "standard" generally refers to a set of rules, regulations, or guidelines . . . Read More
'Facility' ■■■■
Facility: The term facility refers to a building, installation, establishment or set of equipment built, . . . Read More
'Regulatory Compliance' ■■■
Regulatory Compliance in the industrial and industry context refers to the process by which businesses . . . Read More
'Adaptability' ■■■
Adaptability in the industrial context refers to the ability of organisations, systems, or workers to . . . Read More
'Operation' at quality-database.eu ■■
Operation in the quality management context refers to the actions and activities involved in producing . . . Read More
'Service' ■■
Service: In an industrial context, 'service' can refer to a range of activities that are provided to . . . Read More

You have no rights to post comments