GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:24 Oct 21, 2010 |
Serbo-Croat to English translations [PRO] Law/Patents - Law: Contract(s) | |||||
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| Selected response from: Sladjana Spaic Montenegro Local time: 16:42 | ||||
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4 +3 | Single Member Limited Liability Company (SMLLC) |
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Single Member Limited Liability Company (SMLLC) Explanation: What is an SMLLC? A Single Member Limited Liability Company is a limited liability company with only one member. A limited liability company is an organization no member of which is personally liable for the debts of the enterprise. An SMLLC can be a proprietorship, partnership, or corporation. For federal tax purposes, the true owner is responsible for reporting the activity of the SMLLC. For NH business tax purposes, the SMLLC must file its own return. http://www.nh.gov/revenue/faq/dra_302.htm http://www.limitedliabilitycompanycenter.com/what_is_a_singl... http://www.positivelyminnesota.com/Data_Publications/Publica... |
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