What is an example of a LLC business?

What are some examples of LLC companies?

There are many well known LLC companies that people may not realize are LLCs.

There are many other famous LLCs, including the following:

  • Blackberry.
  • Pepsi-Cola.
  • Sony.
  • Nike.
  • Hertz Rent-a-Car.
  • eBay.
  • IBM.

What type of business is an LLC considered?

A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

Is Nike an LLC?

NIKE, Inc. (NYSE:NKE) and its Chairman, Phil Knight, today announced actions that will provide long-term stability in the ownership and governance of the company including transfer of ownership of Phil Knight’s shares to a Limited Liability Company.

What are the 3 types of LLC?

There are three business structures that provide company owners with limited liability: C corporations. S corporations. Limited liability companies.

What are the disadvantages of an LLC?

Disadvantages of creating an LLC

  • Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. …
  • Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.
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Can you name an LLC after yourself?

You can use your personal name when forming an LLC, provided that another local business has not taken the name and as long as your business name ends with “LLC.” You can then leverage the business name, your personal name, to brand yourself.

How much does an LLC cost?

The main cost of forming a limited liability company (LLC) is the state filing fee. This fee ranges between $40 and $500, depending on your state.

Is my LLC an S or C Corp?

An LLC is a legal entity only and must choose to pay tax either as an S Corp, C Corp, Partnership, or Sole Proprietorship. Therefore, for tax purposes, an LLC can be an S Corp, so there is really no difference.

What is my title if I own an LLC?

If you own an LLC, you are referred to as a member (as opposed to an owner, which is the title given to those owning a corporation). When you form your LLC, you will need to choose whether you are going to operate as a manager-managed or member-managed LLC.

Is Apple an LLC?

Company Description: Apple & Apple LLC is located in Lewis Center, OH, United States and is part of the Computer and Peripheral Equipment Manufacturing Industry. Apple & Apple LLC has 12 total employees across all of its locations and generates $236,018 in sales (USD).

Is Nike a family owned business?

Arguably the world’s most recognised sports brand Nike has become a family business with the appointment of Travis Knight, the founder’s son, to the board of directors. … Controlled by the family, Swoosh will hold the majority of the company’s voting stock, which elects 75% of Nike’s board.

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