domain ComLLC.com

[LeeRyder]

OK, this is just to get a general idea of how the name sounds. appraise please:

www.ComLLC.com

I will post another thread on these forums to explain a bit what the idea behind this domain is as well as something I think some of you may find interesting. (i hope lol)

Thanks,

Lee

 

[Sabre]

so what does it stand for?

and where is this thread you have posted?

 

[LeeRyder]

Com for .com
LLC for Limited Liability Company (means the investors take zero liability, they can;t lose their investments)

Ill post the thread in a bit once I get back a PM from someone.

 

[Sabre]

great ill have a look at that and appraise it later

 

[Ber|Art]

//edit: sorry, wrong Thread

 

[Wilfredo]

Hard to appraise, is there really something like zero risk ?

 

[LeeRyder]

lol, i think you misunderstood.

LLC means Limited Liability Company... meaning the Liability of the investor is limited to what they have invested. ie:

say you invest $5. the value of it raises to $7 you make $2. if it falls to $3, it is still gauraunteed to be bought back at $5 if you decide to sell out.

 

[armstrong]

Com for .com
LLC for Limited Liability Company (means the investors take zero liability, they can;t lose their investments)

Ill post the thread in a bit once I get back a PM from someone.

That's incorrect, Lee. I know - my company is a Delaware LLC. You can in fact lose your entire investment in an LLC. The 'zero liability' feature of LLC's simply means that anyone with claims against your company cannot go after your personal assets when the LLC is in default. If instead of an LLC you formed a single proprietorship, then your personal assets would be at risk.

 

[lotsofissues]

If the domain was comcorp.com I would describe it as brandable.

However the slightly more technical comllc.com is more specific in usage - very specific. I think it would only be fitting for an entity called Com LLC.

 

[LeeRyder]

right Apollo

I think im not explaining this thoroughly because it is essentially what I am trying to say. Let me see if I can find a page from the oregn business codes and paste it here. Prolly be easier than me trying to say it while on my percocet

give me a bit

 

[lotsofissues]

Armstrong,

I think that he meant that originally but probably hurridedly posted -- Lee later defines LLC better.

 

[LeeRyder]

it is. Im trying to think clearly to be concise as possible abot wording on this.

I think if I wouldnt have tried to make it simple english (for the non native english speakers) and used the word "assets" instead of assigning a monetary value to it it might have been clearer overall for the rest.

kind difficult to state corporate rules/laws in this way though...

 

[armstrong]

say you invest $5. the value of it raises to $7 you make $2. if it falls to $3, it is still gauraunteed to be bought back at $5 if you decide to sell out.

This too is inaccurate. If it falls to $3, then there's no one to guarantee that you get your $5 back. It will stay at $3 until the business makes more money.

 

[LeeRyder]

no, it is gauranteed by the company at that rate.

Actually..I think Ill get some sleep before I continue here. I am just not clear enough in thought to continue with the Business Law tutoring in an appraisal thread lol.

 

[Peace]

Our company is incorporated in Canada, and here we dont have LLC. However, LLC in US is mostly similar to a corporation, where it is recognized as a separate legal entity from its shareholders/owners. LLC is responsible only for the company's debts thus shielding the Shareholders/owners from individual liability (That's why it's called Limited liability)

Ex: If you started a LLC and borrowed money from bank under the company name, and lose the money in business, bank can't take any of your personal assets. The bank can only take/liquidate company's assets. You are personally not responsible for the debt.

Also, LLC has less complex operating/tax requirements than a corporation.

 

[Anthony]

Back to appraisal mode -- This name seems to work well for the company you are describing. Definitely needs development.