Limited

Limited Liability Company: Profit and Loss Puja Bhardwaj | The CEO Magazine The limited liability company is based on great flexibility and it requires less paperwork. This business entity provides limited liability protection features of a corporation and the tax efficiency and operational flexibility of a partnership. In this kind of company, owners are not taxed as a separate business entity but, all profits and losses are distributed among each member. The members of the company report profits and losses on their…