A person who is involved in a limited liability company but does not actively manage it. One benefit of being a limited entrepreneur is not having to pay self-employment tax. LLC owners must be careful to not allocate more than 35% of the LLC's losses to limited entrepreneurs, otherwise the LLC would be classified as a syndicate and face different tax treatment.
Limited partners are similar to limited entrepreneurs in that they also do not play an active role in a company's management and cannot be held responsible for any debts the company incurs. This means that any income or losses they receive from the business are usually considered passive for tax purposes.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Limited liability — is a concept whereby a person s financial liability is limited to a fixed sum, most commonly the value of a person s investment in a company or partnership with limited liability. A shareholder in a limited company is not personally liable for… … Wikipedia
Limited overs cricket — The Melbourne Cricket Ground hosts an ODI match between Australia and India. The two players in yellow are the batsmen and those in blue are the fielding team … Wikipedia
MARG Limited — Type Public BSE: 530543 Industry Infrastructure Founded 1994 … Wikipedia
Dick Smith (entrepreneur) — This article is about the Australian entrepreneur. For other uses, see Dick Smith (disambiguation). Dick Smith AO Born Richard Harold Smith 18 March 1944 (1944 03 18) (age … Wikipedia
Marc Faber Limited — Marc Faber Marc Faber (surnommé Dr. Doom), né à Zurich le 28 février 1946, est un analyste en investissements et entrepreneur suisse, créateur du cabinet de conseil et gestion Marc Faber Limited. Sommaire 1 Parcours 2 Œuvres … Wikipédia en Français
News Limited — Traded as ASX: NWS Industry Media Founded Adelaide, South Australia, 1923 Founder(s) Sir Keith Murdoch … Wikipedia
Indian Petrochemicals Corporation Limited — (IPCL) is a pioneering petrochemicals company in India. It was established on March 22, 1969, with a view to promote and encourage the use of plastics in India. Its business consists of polymers, synthetic fibre, fibre intermediaries, solvents,… … Wikipedia
David Brown (entrepreneur) — David Brown Born 10 May 1904(1904 05 10) Huddersfield, Yorkshire Died 3 September 1993(1993 09 03) (aged 89) Monte Carlo Occupation Industrialist, Entrepreneur … Wikipedia
Andrew Bentley (entrepreneur) — Andrew Bentley (born January 26, 1962) is a successful British media entrepreneur, former record label executive, and former international management and financial figurehead for some of the biggest global corporations in various sectors. He has… … Wikipedia
Mike McCready (music entrepreneur) — Mike McCready is an entrepreneur in the music industry, CEO of Music Xray, a blogger on Huffington Post and musician. He is most known for having pioneered the science of hit song prediction using acoustic analysis software to analyze the… … Wikipedia