Some things to know about returning your online purchase: 1  If you receive an item you are dissatisfied with, you may return it within 90* days to any Lowe's store or ship it back with the prepaid return shipping label that is included with most parcel shipments.
The letters may seem confusing, but LLC and Inc. are abbreviations for different kinds of business entities. âLLCâ stands for âlimited liability company.â The abbreviations âinc.â and âcorp.â indicate that a business is a corporation. Both LLCs and corporations are formed by filing forms with the state. Both protect their owners from liability for business obligations.
This special tax status eliminates any possibility of double taxation for S corporations and LLCs. That's where the similarities end. The ownership of an S corporation is restricted to no more than 75 shareholders, whereas an LLC can have an unlimited number of members (owners). And while an S corporation can't have non-U.S. citizens as shareholders, an LLC can. In addition, S corporations cannot be owned by C corporations, other S corporations, many trusts, LLCs or partnerships. LLCs are not subject to these restrictions.