LLC?

King Snake · 01-05-2001, 10:00 AM

I have noticed a lot of the performance shops have the letters LLC at the end of thier name. Does anyone know what this stands for?

Moxie · 01-05-2001, 01:29 PM

Limited Liability Corporation.

It's like 'Inc.' stands for Incorporated. LLC is typically used by small businesses (including mine), because it grants more favorable tax status, among other things. If a company reaches a certain size, they are required by federal law to switch from LLC to Inc.

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Moxie Racing

King Snake · 01-05-2001, 02:04 PM

Hey thanks Moxie!

01-05-2001, 10:00 AM	#1
King Snake Registered Member Join Date: Jan 2000 Location: Warner Robins, GA, USA Posts: 210	LLC? I have noticed a lot of the performance shops have the letters LLC at the end of thier name. Does anyone know what this stands for?

01-05-2001, 01:29 PM	#2
Moxie Registered Member Join Date: Aug 2000 Location: Plymouth, MI Posts: 254	Limited Liability Corporation. It's like 'Inc.' stands for Incorporated. LLC is typically used by small businesses (including mine), because it grants more favorable tax status, among other things. If a company reaches a certain size, they are required by federal law to switch from LLC to Inc. ------------------ Moxie Racing

01-05-2001, 02:04 PM	#3
King Snake Registered Member Join Date: Jan 2000 Location: Warner Robins, GA, USA Posts: 210	Hey thanks Moxie!