What is llc company its properties

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What is LLC company- its properties
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LLC - limited liability company

• A limited liability company (LLC) is a corporate
  structure whereby the members of the company
  cannot be held personally liable for the
  company's debts or liabilities. Limited
  liability companies are essentially hybrid
  entities that combine the characteristics of
  a corporation and a partnership or sole
  proprietorship. While the limited liability
  feature is similar to that of a corporation, the
  availability of flow-through taxation to the
  members of an LLC is a feature of partnerships.

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BREAKING DOWN 'Limited Liability Company - LLC'

• Although LLCs have some attractive features, they
  also have a number of disadvantages, especially
  in relation to the structure of a corporation. A
  LLC has to be dissolved upon the death
  or bankruptcy of a member, unlike a corporation,
  which can exist in perpetuity. Also, a LLC may
  not be a suitable option when the objective of
  the founder is to eventually become a publicly
  listed company.

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Protections of a Corporation

• The primary reason an LLC is selected as an
  ownership structure is to limit the principals'
  personal liability. An LLC is often thought of as
  a blend of a partnership, which is a simple
  business formation of two or more owners under an
  agreement, and a corporation which is afforded
  certain liability protections. An LLC is a more
  formal partnership arrangement requiring articles
  of organization to be filed with the state. An
  LLC is much easier to set up than a corporation,
  and it provides more flexibility along with the
  protection. However, creditors may be able to
  pierce the corporate veil of an LLC in cases of
  fraud or when legal and reporting requirements
  havent been met.

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Flexibility of a Partnership

• The primary difference between a partnership and
  an LLC is that an LLC is designed to separate the
  business assets of the company from the personal
  assets of the owner, which has the effect of
  insulating the owners from the LLC's debts and
  liabilities. An LLC functions similar to a
  partnership in that the profits of the company
  pass through to owners tax return. Losses can be
  used to offset other income, but only up to the
  amount invested. The LLC only files an
  informational tax return.
• In terms of the sale or transfer of the business,
  a business continuation agreement is the only way
  to ensure the smooth transfer of interests when
  one of the owners leaves or dies. Absent a
  business continuation agreement, an LLC must be
  dissolved in the event of a bankruptcy or the
  death of a partner.

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How Does an LLC Protect You?

• One of the primary advantages of an LLC is that
  its owners, called members, have "limited
  liability," meaning that, under most
  circumstances, they are not personally liable for
  the debts and liabilities of the LLC.
• For example, if an LLC is forced into bankruptcy,
  then the members will not be usually be required
  to pay the LLC's debts with their own money. If
  the assets of the LLC are not enough to  the
  debts and liabilities, the creditors generally
  cannot look to the owners for payment. Their debt
  was with the LLC, not the people that owned the
  LLC.

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Benefits of an LLC Flexible, Scalable, and Simple

• LLCs aren't bound by the same rigid rules of
  corporations, but this doesn't stop them from
  being just as useful. It doesn't matter if you're
  a one-man business or if you have hundreds of
  employees, an LLC keeps protecting you while
  allowing for expansion and growth. With an LLC,
  there's no requirement for special meetings,
  extensive corporate records, or many other
  formalities. Limited liability companies are even
  flexible when it comes to taxes, offering lots of
  options so you can create a tax plan that works
  for you.
• This simplicity, protection, and ease of use have
  made forming an LLC a popular choice for small
  businesses 

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Ownership Percentages

• LLC ownership can be expressed in two ways (1)
  by percentage and (2) by membership units, which
  are similar to shares of stock in a corporation.
  In either case, ownership confers the right to
  vote and the right to share in profits.
• Unlike a corporation, an LLC can distribute its
  ownership interests as it pleases, without regard
  to how much money or property a member
  contributes to the company. For example, if Sam
  contributes 10,000 to the company and is a
  silent partner, and Rick contributes no money,
  but runs the company on a daily basis, they could
  still decide to split the membership interests
  50-50.

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LLC company formation in Dubai

• Virtuoso Business Development Consultancy 
• M-15,Al Wasl Building,
• Sheikh Zayed Road, Dubai,U.A.E
• 971 43515 637