submit query
Loader

Please fill with your details

  • # #
Glossary

What is Limited Liability Company

A Limited Liability Company (LLC) is a widely embraced business structure that melds the adaptability and simplicity inherent in partnerships or sole proprietorship's with the limited liability protection traditionally associated with corporations. An LLC constitutes a distinct legal entity apart from its proprietors, who are referred to as members. The defining hallmark of an LLC resides in the fact that its members bear no personal responsibility for the company's financial obligations or legal entanglements.

Here are some salient attributes and advantages intrinsic to an LLC:

  1. Limited Liability: The shield of limited liability safeguards members from personal liability concerning the company's debts and legal commitments. Their personal assets are generally safeguarded from legal disputes and creditors with a vested interest in business-related matters.

  2. Flexibility: LLCs proffer substantial flexibility concerning management and tax considerations. Members retain the autonomy to decide whether they will personally oversee the company or appoint a manager to supervise day-to-day operations. Furthermore, they have the liberty to opt for their preferred tax classification for the LLC, either as a pass-through entity, akin to sole proprietorships or partnerships, or as a corporation.

  3. Pass-Through Taxation: By default, an LLC is categorized as a pass-through entity, wherein the earnings and losses are "passed through" to the individual members' personal tax returns. This effectively circumvents double taxation, a scenario where both the company and its proprietors are separately taxed on the same income.

Contact Us

Enter the details & we will contact you shortly!

Resource Library

An insight into Call Center Outsourcing

Global enterprises strive to attain service excellence so that they can stay ahead in a competitive environment.

Download Now >

BSNL Augmented Business Performances with Go4customer

TBharat Sanchar Nigam Limited (BSNL) started its operation and installed Quality Telecom in the nation.

Click here to Read >

Getit infomedia optimized business performance with Go4customer.com

GetIt Infomedia is a leading digital supermarket in India

Click here to Read >

Blogs

Exploring the Booming Market of Chatbot Services in India

In the bustling realm of India's technological landscape, the chatbot market emerges as a beacon of digital progress, akin to the historic Silk Road that connected distant lands. Just as intre....

Read more>>

Top 10 Data Entry Services Provider Company in India

<div> <p style="text-align: justify;">Do organizations across the world realize the significance of robust data management systems in this data era? Are ....

Read more>>

Our Esteemed Clientele

  • MSME logo
  • Manrega logo
  • GIL Company logo
  • BSNL Company logo
  • NMEICT Company logo
  • hudco Company hudco
  • Relaxo Comapany logo
  • NSEZ Company logo
  • Gail logo
  • MTNL logo
  • timex logo
  • BPCL Company logo
  • HPCL Company logo
  • IOCL Company logo
  • one97 logo
  • AIIMS Company logo
  • Power-Grid logo

Next-gen Call Center Outsourcing at your disposal

We make call center outsourcing a viable choice for businesses to achieve growth. We deliver best call center services by maintaining high training standards, integrating AI and data driven technology and offering 360° customer support. With us, you invest in customer relations built on trust and exceptional experience.