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Understanding Today's Crossword Puzzle
In today's crossword puzzle, the clue is "Business entity whose owners are called members rather than shareholders: Abbr." The answer for this clue is "LLC."
When we look at the clue, it provides hints about a business entity and its owners. The abbreviation "Abbr." indicates that we are looking for a shortened form of the answer. In this case, "LLC" stands for "Limited Liability Company."
A Limited Liability Company (LLC) is a type of business structure where owners are referred to as members. Unlike traditional corporations, LLC members have limited liability, meaning their personal assets are not usually at risk in case of business debts or liabilities.
The use of the term "members" instead of "shareholders" is a key distinction in the clue. In a typical corporation, shareholders hold shares of stock in the company. However, in an LLC, ownership is made up of membership interests rather than shares, and members have the flexibility to distribute profits and losses in a way that suits their needs.
By providing the answer "LLC," crossword solvers can make the connection between the clue's description of a business entity with owners called members and the specific type of business entity known as a Limited Liability Company.
To recap:
- The clue describes a business entity with owners known as members.
- The abbreviation "Abbr." tells us to look for a shortened form of the answer.
- "LLC" stands for "Limited Liability Company."
- An LLC is a type of business structure where owners are called members and have limited liability.
- LLC members do not have shares like in traditional corporations; instead, they hold membership interests.
By solving this clue and finding "LLC" as the answer, crossword enthusiasts can expand their knowledge of business structures and their terminology.
The Crossword clue "Business entity whose owners are called members rather than shareholders: Abbr." published 1 time/s & has 1 answer/s.
Crossword | Date | Answer |
The New Yorker | 17 March 2023 | LLC |