Comments on: What is a corporation?

By: Alice Williams

Alice Williams — Tue, 06 Dec 2011 17:19:12 +0000

An LLC (a limited liability company for anyone who doesn’t know) can be a corporation for tax purposes. LLC does not exist as a separate category for tax in the USA.

In the UK, the equivalent is a limited company, represented by the abbreviation “Ltd.”. “Ltd.” refers simply to a corporation which has shares.

Neither a corporation, nor an LLC, nor a limited company are liable for more than they have either invested or guaranteed the company.

This was initially believed to encourage reckless risk-taking by company owners, but as we all know now, the input of time is far more significant than the risk of money.

Hope that’s helpful to someone, great article.

By: cigarette

cigarette — Wed, 15 Jul 2009 18:28:14 +0000

Great information…I think everyone should take a close look at the LLC as a business form. A lot of people are using it nowadays as opposed to the traditional corporation format. I think it offers some advantages.

By: Dave Brown

Dave Brown — Wed, 24 Jun 2009 00:49:04 +0000

So how is that different than an LLC? I’ve never quite understood the difference between the 2. Does that mean that with an LLC you would be responsible for the debt if you went under?

By: land rover spares

land rover spares — Sun, 24 May 2009 00:04:50 +0000

As i know,the rights depend on the stock percentage an owner has in the company.The higher stock percentage the higher position in a corporation.

By: howto trade stocks

howto trade stocks — Fri, 22 May 2009 18:39:24 +0000

Nice post. Very true about common stock holders coming bottom of the queue if a company flops