North Carolina Limited Liability Company Definition
North Carolina Limited Liability Company
DEFINITION
A North Carolina Limited Liability Company is created by filing Articles of Organization in compliance with the North Carolina Limited Liability Company Act. Limited Liability Companies are managed by their managers. The liability of members is limited to their capital contributions. A Limited Liability Company is NOT taxed on its income. Otherwise, Members are taxed on the income of the LLC unless they elect to be taxed as a corporation.
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Arizona Member
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