What does company spinoff mean?

Answer Spin-off is the separation of a subsidiary, a division or some portion of a company from the parent or larger company. Companies often spin off unprofitable divisions or subsidiaries or unrelated b... Read More »

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What does llc mean in a company title?

A LLC, or limited liability company, is a type of business structure designed to limit the personal liability or risk to the owners of the company. The owners of the company are referred to as memb... Read More »

What does it mean to incorporate a company?

To incorporate a company means to legally transform a company into a corporation. Legally speaking, a corporation is an business entity that, while not an actual person, has many rights similar to... Read More »

What does it mean for a company to prepay an employee?

To prepay an employee means that an employer provides a payroll advance to an employee. Prepaying for an employee means a payroll deduction payment is made directly to the recipient. Employees not ... Read More »

What does LP mean after company name?

The suffix is LLP, and it stands for Limited Liability Partnership. It is a corporate structure designed to provide the protection of a "C" corporation with the tax benefits of a "Subchapter S" cor... Read More »