LIMITED LIABILITY COMPANY - LLC
A business structure where the company members are not personally responsible for its debts or liabilities. In essential, it combines the traits of a sole proprietorship or partnership, and a corporation. Similar to the corporation, the availability of single flow-through taxation to LLC members is part of a partnership feature. LLC shareholders are protected from personal liabilities that is beyond what they have invested in the company. LLCs are different from one country to the other.
Also called company limited by share.
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Skimming
Skimming is an act used by identity thieves to capture the personal information of an individual through electronic means. A little electronic devi ...
Federal Poverty Level - FPL
The minimum amount of gross income that a family needs for food, clothing, transportation, shelter and other necessities. In the United States, thi ...
Hiring Freeze
A situation where the employer temporarily freezes the hiring of new employees. Hiring freeze is put into place as a cost-saving effort as a result ...
Lump-Sum Payment
Repayment of the total or partial value of an asset by one-time payment. Usually, this is taken instead of recurring payments that would be receive ...
Announcement Date
The date in which a company will make an announcement on the details pertaining an issue of equity or debt. The announcement da ...
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