Q: What is a privately held company?
A: A privately held company is a business that is owned by private individuals or groups, rather than being publicly traded on a stock exchange.
Q: What are the advantages of incorporating a privately held company in the USA?
A: Privately held companies in the USA have greater flexibility in their management and operations, as they are not subject to the same level of public scrutiny and reporting requirements as publicly traded companies.
Q: What is the difference between a corporation and a limited liability company (LLC) in the USA?
A: The main difference between a corporation and an LLC in the USA is that corporations offer shareholders limited liability protection, while LLCs offer members limited liability protection. LLCs also tend to have more flexibility in their management and taxation than corporations.
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