Limited Liability Company (LLC) Answers & Advice

What can LLCs do to issue stock (and what can't they do)?

The following web page
(http://www.incorporate.com/comparing_corporations_llcs.html) reads:

“Disadvantages of an LLC
...
* Cannot issue stock”


Another web page
(http://www.1065accountant.com/llc-disadvantages.htm) reads:

"Limited Liability Company(s) (LLCs) cannot take advantage of incentive stock options, engage in tax-free reorganizations, or issue Section 1244 stock."

And on government websites —
http://www.sba.gov/smallbusinessplanner/start/chooseastructure/START_BASIC_STRUCTURE.html
"LLCs do not have stock"

http://www.congress.gov/cgi-bin/cpquery/?&sid=cp105lxkwK&refer=&r_n=sr062.105&db_id=105&item=&sel=TOC_16133&
"Many SBICs now are organized as limited liability companies and partnerships, which do not have stock" - Is this your question? Add additional information