Acronyms

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Sep 6, 2001 | 01:15 PM

redleader

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From: San Leandro,

Acronyms

I'm not a lawyer nor have I ever needed the services of one, but what does "LLC" or "LLP" stand for?

Sep 6, 2001 | 01:27 PM

Tanqueray

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From: Phoenix

Limited Liability Partnership - I'm sure
Limited Liability Company - I'm not sure

Sep 6, 2001 | 01:29 PM

The Captain

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From: Austin

Close, but LLC is Limited Liability Corporation. I know because that is what our company is.

Kirk

Sep 6, 2001 | 01:30 PM

redleader

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From: San Leandro,

oh, I thought that it had something more to do specifically with lawyers. What is the purpose of putting those acronyms after the name of the company?

Sep 6, 2001 | 01:36 PM

Mindcore

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From: Erock is da shizzle

Its an indicator similar to say Mindcore INC. where as I incorporated my name, as a business, that runs independant of myself.

Sep 6, 2001 | 02:03 PM

ICEMAN666

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From: Bergen County

Without getting into too much detail, the primary differences between an LLC, LLP, and a Corporation (Inc.) relate to liability and tax issues. . .

If anyone needs more info, let me know. . .