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发帖数: 10518 | 1 The Difference Between Inc. & Ltd. & Co.
by Elizabeth Layne
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Before setting up shop, you must decide on the legal structure your business
will take. Here is a guide to those structures, as well as their
abbreviations.
If you're starting a small business you must decide its legal structure.
Legal structure is usually determined by the business type, the number of
owners or investors it has, and how tax and liability issues are best
managed. After forming the business, you'll likely use an abbreviation, such
as Inc., Ltd., Co., or LLC, after your business's name. Some business terms
are commonly abbreviated to save space in business correspondence.
Inc.
Inc. is the abbreviation for incorporated. An incorporated company, or
corporation, is a separate legal entity from the person or people forming it
. Directors and officers purchase shares in the business and have
responsibility for its operation. Incorporation limits an individual's
liability in case of a lawsuit. The corporation, as a legal entity, is
liable for its own debts and pays taxes on its earnings, and can also sell
stock to raise money. A corporation is also able to continue as an entity
after the death of a director or stock sale. A corporation is formed
according to state law, through application to the secretary of state and
filing articles of incorporation. Because corporations cost more to
administer and are legally complex, the U.S. Small Business Administration
recommends that small businesses not incorporate unless they become
established as a large company. In most states, corporations must add a
corporate designation, such as Inc. after their business name.
Ltd.
A limited company can be abbreviated to Ltd. This structure is used mostly
in European countries and Canada. In a limited company, directors and
shareholders have limited liability for the company's debt, as long as the
business operates within the law. Its directors pay income tax and the
company pays corporation tax on profits. Responsibility for company debt is
usually limited to the amount a person has invested in the company. A
limited company can be set up in four different ways. In some companies, a
shareholder's liability is limited to specific predetermined amounts, drawn
up in a memorandum. These businesses are known as "private company limited
by guarantee," and shareholders are called guarantors. Charities and social
enterprise groups frequently use this structure. In England, limited
companies must also have a pay-as-you-earn system established for collecting
income tax payments and National Insurance contributions from all employees.
Co.
Co. is an abbreviation for company, a catchall phrase for an association of
people working together in a commercial or industrial enterprise, such as in
a sole proprietorship, limited liability company or corporation. The
abbreviation Co., like the word company, does not carry meaning as a
specific legal structure on its own.
LLC
LLC stands for "limited liability company." An LLC brings together some
features of both business partnerships and corporations, although it is more
like a partnership. Owners, also called "members," are protected from
liability, but the business's earnings and losses pass through to owners,
who report them on their personal income taxes. This makes its structure
less complex than that of a corporation, but like a corporation, LLCs must
offer stock. Members share profits as they like. Members are considered self
-employed and must pay self-employment tax. When a member of the LLC leaves,
the business is dissolved and the remaining members decide if they want to
start a new business. An LLC is also formed according to state law, through
application to to the secretary of state and filing articles of
incorporation. LLCs must also indicate in their names that they are an LLC
or limited company. | C*********X
发帖数: 10518 | 2 国家是什么
【在 C*********X 的大作中提到】
: The Difference Between Inc. & Ltd. & Co.
: by Elizabeth Layne
: Related Articles
: 1
: What Does LTD After a Business Name Stand For?
: 2
: What Does LTD Mean After a Business Name?
: 3
: "The Differences Between Incorporation, Corporation & Non-Profit"
: 4
| C*********X
发帖数: 10518 | 3 我在本版学习到，国家是一个契约。。
我发现我实在是太无知了。。
我的闺蜜今天早上问我：都这样了，你还在研究备皮？？？？ | C*********X
发帖数: 10518 | 4 备皮就是剃阴毛的医学术语。。。
【在 C*********X 的大作中提到】
: 我在本版学习到，国家是一个契约。。
: 我发现我实在是太无知了。。
: 我的闺蜜今天早上问我：都这样了，你还在研究备皮？？？？
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