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- - LLC? (http://forums.mustangworks.com/showthread.php?t=14117)

King Snake

01-05-2001 10:00 AM

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?

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! http://www.mustangworks.com/interact...rd/biggrin.gif

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