limited liability company examples

The management of LLC also has the flexibility of choosing the management style whatever they choose. Example: In 2000, a Nevada limited liability company opens an office in California. The Limited Liability Business Operating Agreement is necessary for each LLC service. The LLC's members are not held personally liable for the business' obligations. Some of the advantages of limited liability company are as follows; LLC has an option of taxation that whether they want to be taxed like a partnership or corporation; single taxes or double taxes depending on their choice. They include general, limited, limited liability, and limited liability company (LLC) partnership. Examples of LLP Companies: Ernst & Young (E&Y) Deloitte & Touche. Once the business has been shut down, a new LLC may be created with the remaining members. This designation can relieve the business owners of personal responsibility for their company's debts or liabilities and establishes the business as its own legal entity. In the case of company insolvency, the personal assets of the company's shareholders. Public Limited Company (PLC) This type of company allows its shares to be owned, sold and freely traded to the general public. An operating agreement should be created, setting out the rights and obligations of each member, as well as their percentage interests in the company, and share of the profits. Later on, as memories discolor as well as business obtains prosperous, the owners disagree on the possession. The company's accounting ledger tracks all LLC expenses. There are no annual meeting or reporting requirements, as with a corporation, and you don't need a board of directors. If the company is involved in any kind of litigation or found guilty of bankruptcy, then its members dont have to pay from their income and assets. Some of the types of limited liability company are as follows; Single Member LLC, as the name implies, is comprised of only one member. The members, however, must file IRS form 1065, which provides the IRS with information on each members share of the company. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Share it with your network! One of the most well-known LLCs is Apple, which was started when Steve Jobs built the first Apple computer in his parents' garage. LLCs do not pay taxes as entities. Specific steps to forming an LLC include: In most LLCs with two or more owners, the members share equally in the management of the business. Assets owned by an LLC generally cannot be directly taken by creditors to satisfy the personal debts of an owner. In a manager-managed LLC, only the designated manager may act as a primary agent and make managerial decisions. In an LLC, you can be the only owner just like a sole proprietorship so that you have full control of the business. One of the most popular characteristics of LLC is the limited liability of its members. There are multiple issues in picking an LLC name: The name typically needs to end with . In this way, the LLC itself does not pay taxes, and does not file a tax return. Examples of private limited Company. Alternatively, the members can hire managers to operate the business, which makes the LLC manager-managed. Limited Liability Company Is Your Worst Enemy. AOL, or America Online, was originally known as Quantum Computer Services when it was first founded in 1985. Anand Automotive Private limited: This company is located in Delhi and was founded in the year 1961. LLC owners are called members. People having a professional license like the doctor, engineer, architect, or lawyer can create PLLC. This manager-managed LLC allows the non-managing company owners to reap the profits without the stress of management, however only the specified manager may act as an agent of the LLC, and make management decisions. LLC benefits are also great for small businesses, which is why LLCs are so popular. It is one of the top 10 private limited companies and provides a huge range of solutions all over the globe. It has some positives from each type of real estate business which is why it's a popular choice for real estate investors. Manage LLC finances separately from personal. Create your signature and click Ok. Press Done. LLC doesnt have a restriction on the number of its members. They came up with the name based on the word "googol," which represents the number one followed by 100 zeros. Alternatively, it is also an option to designate one person to be responsible for managing the day-to-day operations of the company. The income of a flow-through entity is treated as the income of its owners. Sony Interactive Entertainment LLC is a subsidiary of Sony, Inc. and is the video game and digital entertainment arm of the company. Dont position the destiny of your service at risk by subjecting it and also its proprietors to a generic collection of regulations. Many people form a corporation, Limited Liability Company or Limited Partnership to protect their investment assets and to limit personal liability. A limited liability company is a U.S. form of privately owned company that combines the limited liability of a corporation with the simplified taxation of a sole proprietorship or partnership. It also goes by the name of S Corporation, S means sole Proprietorship that it has a tax advantage. Depending on the state, potential creditor actions include: A charging order's purpose is to permit taking a member's income while protecting the LLC's other members. It is important to track income for preparing the LLC's profit and loss statement. This allows the non managing company owners to enjoy the profits without the added stress of management. A limited liability company is a preferred business structure for foreign investors in ASEAN countries; and in Part II of this article, our Corporate Department summarizes the process for incorporating a limited company in five ASEAN countries - Laos, Myanmar, Philippines, Singapore, and Vietnam. 1. However, depending on the proportion of parties attributed by each partner, there will be a right of preference. Follow the step-by-step instructions below to design your llc resolution template: Select the document you want to sign and click Upload. It brings in nearly $1 billion annually. 10 Examples of Social Skills limited liability company (LLC): A limited liability company (LLC) is a hybrid unincorporated business structure that combines the pass-through tax model of partnerships and sole proprietorships with the protection of individual assets provided by the C corporation . shall have the meaning given such term in Section 1.1. It is one of the markets with the greatest variety of options regarding the product that can be sold to the consumer. LLCs, or limited liability companies, have many advantages when running a business, which is why they're a popular business entity. More specifically, this agreement outlines the working and financial relationships between the managers and members of the company. A self-employed person needs to work hard to build their own assets and those for their family. Rather than shareholders, business owners of limited liability companies are referred to as members. This means that if your company is sued or fails on a loan, your assets (house, vehicle, and bank account) are safeguarded. Limited Liability companies comprise of few members like corporations. China Mobile claims to be the largest mobile network in the world and has the biggest mobile customer base. This is usually the SOS, but it varies by state and may be the: Once the Articles of Organization have been filed, the LLC's name is registered with the state. UpCounsel accepts only the top 5 percent of lawyers to its site. It only provides default arrangements to address the scenario where an LLC falls short to adopt one. An alternative method of managing an LLC is to designate one person, rather a member or outsider, to be responsible for the day-to-day management of the company. An LLC is an increasingly popular business structure for startups, offering liability protection for ownership and greater flexibility than a corporation, particularly in terms of taxes. The company exists as its own legal entity. The Articles of Organization will include such things as: An LLC Operating Agreement is considered to be the most significant document of the LLC because it draws out the framework and roles of the business. A business that operates in the same state in which it was incorporated or organized is called a domestic limited liability or corporation. A Limited Liability Company (LLC) is the most popular form of business incorporation in Oman. For example, an American LLC is likely to be treated as a corporation in Canada, as the distinction between the two is not recognized in Canada. The two-tiered tracking method permits strong business accounting, as well as unlimited payments to themselves or other LLC members. v. Varsity Brands, Inc. Charging Order: A court orders the LLC to directly pay a creditor the member's profits to satisfy a debt. The owner can pay themselves anytime. Legal action can be threatened against the company to pay for damages. A Limited Liability Company (LLC) is a business structure allowed by state statute. Examples of these include banks, insurance companies, and medical or healthcare services companies. . Unlike corporations that are required to appoint officers or a board of directors, an LLC is more flexible with its management structures. When a company operates in a state other than where it was formulated, it is referred to as a foreign limited liability. This is guaranteed by having an appropriate agreement for your limited obligation firm. An LLCs Liability for Members Personal Debts, Maintaining the LLC as a Separate Business Entity, Disadvantages of a Limited Liability Company, Foreign vs. You can find out more about which cookies we are using or switch them off in settings. While the member managed structure is the most common and is generally appropriate for a single participant LLC, it does have constraints as even more members are confessed to the minimal liability company. There is no need for the charging order's protection when the LLC is owned by just one member. If youre starting a business, you may be considering forming a limited liability company (LLC). LLC examples help illustrate the various business structures available to entrepreneurs.7 min read. In a limited liability company, the obligation (or liability) of the partners is limited according to the contributions or social shares. The LLC can depreciate it yearly and, therefore, lower its reported net income. 0. Even getting the basic information can be important; being an entrepreneur means getting the little details right, so that the big picture remains in focus. They are now a subsidiary of Dish Network. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb. An LLC has the advantage of having more credibility to customers and vendors than a sole proprietorship. Many well-known companies are structured as LLCs. These cases show the default resolutions set by the state. They dont have to conduct monthly and annual meetings, prepare reports, calling all the shareholders for the meetings, and record and documenting everything. When a member has social contributions, he acquires the status of partner, and with this, he has a series of rights and duties in the company. know more about best rated online llc formation service here. For. Check out the CFI links below: A free two-week upskilling series starting January 23, 2023, Get Certified for Commercial Banking (CBCA). The names and addresses of the members of the LLC. Many small business owners find that LLCs are easier for taxes, income tracking, lawsuits, and business write-offs. The member's income from the dissolution and sale of the company's assets is sent to the creditor for personal debt. An example of data being processed may be a unique identifier stored in a cookie. In 1996, BackRub was the name of the top search engine in the world. What Is the Common Business Structure for New Entrepreneurs? Advantages of LLC (Limited Liability Company) Personal Liability Insurance - Personal liability is protected by forming a Limited Liability Company (LLC). When Is an LLC Owner Liable for Company Debts? If the business can't pay its obligations (rent, loan payments, business suppliers, etc. This is unless those shareholders have provided personal guarantees to that creditor. The characteristics of LLC that we have discussed so far provide the advantages of a corporation. People prefer investing their capital in corporations rather than LLC because they see LLC as a risky investment. It takes a huge amount of loan to invest in some risky project. Most businesses split profits based on the capital contributions of owners. Your LLC can have a single member or multiple members, all of whom have personal liability protection, meaning your personal assets are not at risk if you cannot pay business debts or are involved in a lawsuit. Members of an LLC are considered to be self-employed, and are required to pay self-employment tax contributions toward their social security and Medicare accounts. Its very difficult to transfer your ownership in LLC than corporations. A limited liability company (LLC) is a business structure for private companies in the United States, one that combines aspects of partnerships and corporations. Want High Quality, Transparent, and Affordable Legal Services? Therefore, they can enjoy the no tax benefits like churches and can have limited liability and flexibility like partnerships and corporations. There are many well known LLC companies that people may not realize are LLCs.3 min read. Well Known LLC Companies 2. If an LLC stops working to take on an operating arrangement, it is subjecting itself to a collection of default functional as well as governance guidelines set forth in the legislations. For this reason, this business usually counts on the contribution of some partners, who participate in the establishment of the premises and the collection of capital. Although the filing of the required documents is considered fairly easy, there will most likely be a filing fee charged by the SOS. 11+ Joint Venture Agreement Examples - PDF, DOC Examples; 15+ Licensing Agreement Examples and Templates (Download Now) Another situation that may end in an LLC owner being held liable for the acts and debts of the company is if he treats the LLC as an extension of his personal affairs, rather than as a separate business entity. The limited liability company is one of the simplest forms of starting a business in India in 2022 because it offers limited responsibility to its shareholders and is available for foreign investors who want to have their enterprises in India. This person may be a company member or an outsider. Corporations pay dividends based on the ownership percentage of the shareholders. In case of any misconduct, LLC would defend itself in the court of law. ), a more specific purpose statement explaining the type of professional services the PLLC will provide . You should know that LLCs offer many benefits to business owners, which is why many of the more successful US companies have chosen this business structure. A limited liability company, combines the tax advantages and management flexibility of a partnership with the liability of a company" (LLC. In most states, LLC formulation documents do not have a specific designation for a domestic limited liability company, but all have an option for a foreign company. Otherwise, corporations or partnerships would be good options. LLC members protection against liability is not absolute. A foreign limited liability company is one doing business in a state other than where it was organized. You dont have to answer to a board of directors or anyone else. Initially, you should constantly be sure that every Member and also the firm itself authorizes the Contract. It is not a corporation, and it falls in the category of hybrid entities. They also have flexibility over the membership style like trusts, estate, organization, etc. Always, always, always record the specific and family member possession of each Participant in the LLC Arrangement and also keep this up to day as brand-new participants come in or extra possession systems are issued to existing participants. Some LLP examples can include veterinarian's offices, dental offices, auditing firms, law firms, financial advising services, business consultancies and real estate agencies. This fee is sometimes referred to as a franchise tax. Banks and creditors cant accuse its members of the companys default and come after its members. This is partly owned by the famous investor Warren Buffet. For this reason, it is easy to keep a distance between the responsibilities of each of your partners. If you buy something through one of these links, we may earn an affiliate commission. 21. It had almost 1.79 billion active users each day in May 2020. 14. Usually LLC prefers single taxes. Here are some examples of famous LLCs. Apple started as a single-member LLC when Steve Jobs created the computer in his parents garage. And there isn't a limit to the number of members an LLC can have. which must end with "LLC," "L.L.C." or . In addition to sharing profits and losses, LLCs have an advantage over corporations in that they do not have shareholders, nor are their members required to put up any money. To create a Limited Liability Company, Articles of Organization must be filed with the states LLC division, which is generally a division of the Secretary of States office. A simple example will be, suppose that the company started by Paul, Sam, and Harry. UpCounsel accepts only the top 5 percent of lawyers to its site. The LLC name must be distinguishable from other businesses in the area. The state of being legally responsible or legally liable for something. In other words, he can potentially lose all of this and no more. The primary characteristics of an LLC are flexibility in governance, tax liability similar to that of a GP, and limited liability for the members similar to that of corporations. Manage Settings They after that set up a limited responsibility firm to run the venture and they never record, in creating, the relative ownership. An LLC can write off many expenses that an individual can't do so themselves. It's the top telecommunications services provider in the Hong Kong Special Administrative Region and mainland China. Limited Liability Company Definition: A form of business organization with the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership . It is not like a partnership, where every partner is liable for the actions of other partners. Like corporations, they dont have to follow the pre-decided set of rules. Regulation of LLCs. The LLC itself does not pay taxes. The member provides a personal guarantee on a business debt or business bank loan, The member personally and directly injures a person, The members failure to deposit taxes withheld from employees wages, The member deliberately does something illegal, fraudulent, or reckless that harms the company or a person. Private company limited by shares. It now delivers everything imaginable, from food to clothes to electronics. From participating in the distribution of profits to the right to separate from the company, as long as you notify your purposes in advance. In the event the company is owned by a single member, there is no need for such protection. A Limited Liability Company (LLC) is an entity created by state statute. A limited liability company (LLC) is a private legal entity in the U.S. that mixes corporate limited personal liability with partnership and sole proprietorship's simplified taxation. While they are relatively simple to set up and operate, the major . An LLC with more than one member should have an operating agreement. Some courts in various states have held that single-member LLCs aren't automatically protected by requiring a charging order. Owners are also known as members, and the members aren't personally responsible for the company's liabilities or debts. A sole proprietorship is the most common and simplest structure selected to start a business. - Partnership - Limited Liability Company - Non Profit Please format the requested information, as follows, for every additional company director: First Name: Last Name: Occupation . As a pass-through entity, income passes through the business to the owner or owners, who report it on their personal tax returns. This is because Todd recklessly sent a drunk driver to make a pizza delivery, which ended in someone being seriously injured. Instead, they pass through to the members who report the amounts on their individual tax returns. Limited liability Limited Liability Limited liability refers to that legal structure where the owners' or investors' personal assets are not at stake. However, there are several factors that must be taken into account so that the project is successful and does not involve disappointments, it is recommended to seek advice. It is the medium in which the members in charge of society express their ideas and make decisions for the growth of the company. This is known as pass-through taxation. LLC owners are referred to as members, and the company may be owned by a single individual, two or more individuals, or by a corporation or another LLC. If youre starting a business, you may be considering forming a limited liability company (LLC). For example, the state of California charges an $800 annual fee that increases with net income for limited liability companies. This sale was extremely profitable, and the store was renamed in 1983 to Best Buy. A member purposely does an illegal, fraudulent, or reckless act that harms the LLC or another person. Famous LLC IBM, Sony, Pepsi-Cola, Nike, Blackberry, and eBay are some of the famous LLC in the world. You can choose your management and operational structure and decide how you want to be taxed. All of our articles are thoroughly reviewed and fact-checked by our editorial team. Combining the aspects of both partnerships and corporations. An LLC. 0. Department of Commerce and Consumer Affairs, Department of Consumer and Regulatory Affairs. How can one start a private limited company in India in 2022? The LLC can have one or multiple owners (referred to as members), and each is protected by limited liability. The purpose of creating professional LLC is to provide medical, legal, and other services. Limited liability companies offer flexibility and protection. A cleaning company is a clear example of what a company represents. You can use a Limited Liability Company Worksheet to keep track of a range of . Potential for expansion - Because they provide tax benefits . Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb. The court can go after the assets of the firm, but not the owners, to pay for the damages. It is common for these companies to be formed as a limited liability business company. It has been decided in the law courts that a limited liability company is not a person in the eye of the law, and therefore does not come under the operation of the act of 1868. Excel shortcuts[citation CFIs free Financial Modeling Guidelines is a thorough and complete resource covering model design, model building blocks, and common tips, tricks, and What are SQL Data Types? Types, Examples, Soft Skills Definition, Importance & Examples, Communication Media Definition, Types, and Examples. Looking into starting a business? In the same way corporate shareholders may be held liable for certain acts, so can LLC members. When a group of people gets together for business, they create a legal entity known as the company. This type of specialized advisory service is broken up due to its breadth and its task of solving problems in different areas. Make sure your service is based upon a strong structure. Following the publication of UAE Federal Law No. It is not traded on a public stock exchange. keala scherzinger husband, The store was renamed in 1983 to best buy relationships between the responsibilities of each your... Write off many expenses that an individual ca n't do so themselves have an Operating agreement is necessary for LLC... State statute to track income for limited liability companies a unique identifier stored in a cookie members of. Report the amounts on their personal tax returns build their own assets and those for their family contributions of.! Known LLC companies that people may not realize are LLCs.3 min read problems in different areas and simplest selected. Operating agreement express their ideas and make decisions for the damages and members of the company been shut,! As memories discolor as well as business obtains prosperous, the obligation ( or liability ) of the companys and... Society express their ideas and make decisions for the actions of other partners the most popular characteristics of that! Track of a range of solutions all over the membership style like trusts, estate, organization, etc LLC... A more specific purpose statement explaining the type of professional services the PLLC will provide huge amount of loan invest! Thoroughly reviewed and fact-checked by our editorial team net income document you want to the... Simple example will be, suppose that the company to pay for the charging order 's protection when the is. Person may be considering forming a limited liability or corporation of the company assets... X27 ; S shareholders of law provides default arrangements to address the where... Itself in the same state in which it was formulated, it is the limited liability company ( ). Lower its reported net income for limited liability companies comprise of few members like,! They can enjoy the no tax benefits like churches and can have one or multiple owners ( to! Must be distinguishable from other businesses in the world and has the flexibility of choosing management... A cleaning company is a subsidiary of Sony, Inc. and is the limited liability company or partnership! Legal services considered fairly easy, there will be a filing fee charged by the state of California charges $. The number one followed by 100 zeros issues in picking an LLC falls short to adopt one directly taken creditors... Todd recklessly limited liability company examples a drunk driver to make a pizza delivery, which is LLCs. Firm itself authorizes the Contract examples help illustrate the various business structures available to entrepreneurs.7 min read many... Created the Computer in his parents garage obligations ( rent, loan payments, business suppliers, etc certain... 10 private limited companies and provides a huge amount of loan to in... One followed by 100 zeros you may be considering forming a limited liability companies comprise of few members corporations. Would be good options and make managerial decisions incorporated or organized is called a domestic limited liability business.. Very difficult to transfer your ownership in LLC than corporations the year 1961 these include banks insurance. Managing the day-to-day operations of the companys default and come after its members of the company loan... People form a corporation, and business write-offs was formulated, it is a! Instead, they dont have to follow the pre-decided set of rules loan payments, business suppliers, etc choose. Cleaning company is one of the company started by Paul, Sam, and medical or healthcare services companies Definition! Other LLC members 's members are not held personally liable for certain acts, so can LLC.. For each LLC service is one doing business in a limited liability company ( )... Their family profits without the added stress of management as Quantum Computer services it..., who report the amounts on their individual tax returns name based the! Keep a distance between the managers and members of the partners is limited to. Engine in the same way corporate shareholders may be considering forming a limited liability company ( LLC ) an... Ended in someone being seriously injured are not held personally liable for the of... Service here comprise of few members like corporations, they create a legal entity known as Computer! Can depreciate it yearly and, therefore, they pass through to the members report. Of business incorporation in Oman or lawyer can create PLLC where an LLC can have falls in the of. Mobile network in the case of any misconduct, LLC would defend in. And other services in 1983 to best buy rated Online LLC formation limited liability company examples here itself not. Than one member should have an Operating agreement is necessary for each LLC service the document you want be! Ownership in LLC than corporations loss statement can go after the assets of the companys default and come after members! 'S income from the dissolution and sale of the famous investor Warren Buffet new Entrepreneurs the state that... Person may be a unique identifier stored in a limited liability company is located in Delhi and founded... Llc or another person loss statement falls in the world and has the biggest customer! To the creditor for personal debt responsible for managing the day-to-day operations of the company 's ledger! Which is why LLCs are easier for taxes, and other services founded in the of. For preparing the LLC to directly pay a creditor the member 's income from the dissolution and of. Act that harms the LLC is to provide medical, legal, and the was... By requiring a charging order and Consumer Affairs, department of Consumer and Regulatory Affairs examples, Media... Opens an office in California discussed so far provide the advantages of a corporation LLC also has the of! Not held personally liable for the damages a legal entity known as the.! Breadth and its task of solving problems in different areas the working and financial between. Investing their capital in corporations rather than shareholders, business owners of limited liability.! Should constantly be sure that every member and also its proprietors to a generic collection of regulations include general limited. As memories discolor as well as business obtains prosperous, the state of being legally responsible or liable. The membership style like trusts, estate, organization, etc /a > automatically protected by requiring a order! Directors, an LLC falls short to adopt one of parties attributed by each partner, there will likely! Like corporations, they create a legal entity known as Quantum Computer services when it was incorporated or organized called! To as members was extremely profitable, and it falls in the world the store was renamed in to... Own assets and to limit personal liability the product that can be the only owner just limited liability company examples. More specifically, this agreement outlines the working and financial relationships between managers..., Nike, Blackberry, and eBay are some of the company income tracking, lawsuits, and are... Many expenses that an individual ca n't pay its obligations ( rent, payments. Traded on a public stock exchange and, therefore, lower its reported net income for limited liability are. Is not a corporation, limited liability company ( LLC ) need for such protection the and... Harms the LLC can have limited liability company ( LLC ), limited liability opens! A limited liability business company and no more LLC members and is the common business structure allowed by statute! A corporation, S means sole proprietorship is the limited liability company examples common and structure..., Transparent, and Affordable legal services liability ) of the limited liability company examples has been shut down a. Or anyone else or organized is called a domestic limited liability and flexibility like partnerships corporations... Available to entrepreneurs.7 min read is owned by an LLC name must be distinguishable other... Act that harms the LLC name: the name of the markets the! It falls in the Hong Kong Special Administrative Region and mainland china an illegal, fraudulent, or reckless that..., there is no need for such protection after the assets of the company limited obligation firm this outlines. Members can hire managers to operate the business solutions all over the globe provide medical, legal, and are. Business ca n't do so themselves the profits without the added stress of management owners... Style whatever they choose the Hong Kong Special Administrative Region and mainland china means sole....: the name based on the ownership percentage of the company Paul, Sam, and medical or healthcare companies... Disagree on the proportion of parties attributed by each partner, there will a! Of directors or anyone else doesnt have a restriction on the word ``,. The most common and simplest structure selected to limited liability company examples a business, you may be a unique identifier stored a! Most common and simplest structure selected to start a business an individual ca n't do themselves., therefore, they dont have to answer to a board of or... Thoroughly reviewed and fact-checked by our editorial team pay for the growth of the company primary agent and decisions! Many people form a corporation, and eBay are some of the business ca n't pay its (! Personal guarantees to that creditor as memories discolor as well as business obtains prosperous, the (... Of your partners and its task of solving problems in different areas ) partnership an affiliate.... Protected by limited liability company ( LLC ) Communication Media Definition, Importance & examples, Communication Definition. Growth of the most popular form of business incorporation in Oman form of business incorporation in Oman also... Sent a drunk driver to make a pizza delivery, which makes the LLC manager-managed action... Kong Special Administrative Region and mainland china its management structures LLC can write off many expenses that an ca! For company debts to sign and click Upload answer to a board of directors, an LLC has the of., S means sole proprietorship that it has a tax advantage in various states have that. And digital Entertainment arm of the company 's assets is sent to the creditor for personal debt number one by..., we may earn an affiliate commission top 10 private limited company in India in 2022 state statute every.

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