Partnership letters

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Last seen on: LA Times Crossword 4 Mar 20, Wednesday

Random information on the term “LLC”:

Anguillan company law is primarily codified in three principal statutes:

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The Companies Act is generally reserved for companies which engaged in business physically in Anguilla, and companies formed under it are generally referred to as either “CACs” (an acronym for Companies Act Companies) or “ABCs” (an acronym for Anguillan Business Company). The other two statutes relate to the incorporation of non-resident companies as part of the Territory’s financial services industry. Companies incorporated under International Business Companies Act are called International Business Companies (or, more usually, “IBCs”). IBCs represent the largest number of companies in Anguilla. Companies incorporated under Limited Liability Companies Act are called Limited Liability Companies, and are also commonly referred to by their three-letter acronym, “LLCs”.

In practice, all companies formed in Anguilla are ordinarily incorporated by a trust company. Because all companies are required to have a licensed registered agent, and only trust companies are so licensed, in practice they control the incorporation procedure.

LLC on Wikipedia