10 Top LLC Examples from Popular Companies
Limited Liability Companies (LLC) are popular business entities preferred by most business owners.
The model has many advantages to the owner, like tax relief, flexibility, legal protection, and less paperwork.
If you're considering registering a business, consider forming a limited liability company (LLC) to enjoy the benefits it presents. As you're about to learn, most successful companies have chosen this model and are reaping the benefits.
Stick around to learn more about the 10 top LLC examples from popular companies.
What is a Limited Liability Company?
Limited Liability Company is a business structure in the U.S that separates the assets of its owners and that of the business. This means that if the company experiences loss or incurred a debt, the assets of its owners will be protected.
Here are examples of 10 popular LLCs you can draw inspiration from.
1. Google LLC
Little is known about Alphabet Inc., but its subsidiary Google is popular with many users. Founded by Sergey Brin and Larry Page, Google is a giant browser that offers a wide range of services, from web searches to advertising. Google is the leading search engine, and users get guidance on anything they seek.
The headquarters of Google LLC are in California, United States, but its presence is global.
Although from a humble beginning, Alphabet Inc. controls a market share of about $1.7 trillion. Its success stories include acquiring successful companies like YouTube, Waze, and Nest.
Since the establishment of Google, the LLC has diversified to offer the products and services listed below:
- Google Search
- Google Meet
- Google Chrome
- Google Photos
- Google Docs
- Google Drive
- Google Calendar
- Google Ad Manager
- Google Maps
- Google Play Books
2. ZenBusiness
ZenBusiness is an affordable, easy-to-use LLC formation service that stands out among many.
The company has a large customer base, which makes it easier for users to get LLC formation support anytime.
Besides business formation services, ZenBusiness can also assist in growing your business, taxes, and accounting.
By incorporating ZenBusiness in your business functions, you get an ongoing business formation service partner. Your business will enjoy excellent customer service and a hand in your operating agreement.
3. IBM Credit LLC
The parent company of IBM Credit LLC is IBM. The company offers financial services like asset management strategies to clients worldwide.
IBM Financing uses IBM Credit LLC as a vessel to lease money and provide financial services to clients.
The company operates in the consumer lending industry, and in 1981, IBM Credit LLC was incorporated in Delaware as IBM Credit Corporation. It was converted to a limited liability company and renamed IBM Credit LLC in 2003.
Since its conversion to a liability company, IBM Credit LLC is plausible as an indirect subsidiary of IBM. It's wholly owned by IBM GF International Holdings LLC, including all interests.
IBM Credit LLC is a lending company that carefully protects the owners and founders from the risk of liability.
4. Amazon Services LLC
Amazon Service LLC is a subsidiary of the popular Amazon.com, Inc. The company is known as a platform where third-party entities sell various products worldwide.
Besides providing e-commerce services, Amazon Services LLC also sells appliances, jewelry, books, apparel, and accessories.
The parent company, Amazon.com Inc., needs Amazon Service LLC to run multiple businesses optimally.
Amazon.com, the parent company, can separate legal matters and financial privileges through the LLC. The Amazon LLC operates independently, meaning it's cushioned from taxes and liabilities.
There's a higher profit margin compared to the umbrella company.
The services offered by Amazon Services LLC include:
Amazon Store
Under Amazon Services LLC, you find multiple shopping pages with different brands and companies. These multi pages are;
- Amazon Prime
- Amazon Go
- Amazon Music
- Amazon Go Grocery
- Wholefoods Market
- Amazon Fresh
- Amazon Style
Delivery and Logistics
Once customers are done shopping, Amazon Services LLC delivery and logistics delivers the goods to the provided addresses. Amazon Delivered is also part of the delivery and logistics department, serving remote and unique global locations. The Delivery and Logistics branch has smaller units like:
Amazon Web Services
Amazon Web Services (AWS) provides manageable, dependable, affordable, reliable, inexpensive, and cloud computing services. The AWS offers services like;
- Database
- Storage
- Computer Power
- Networking & Content Delivery
Devices and Services
Amazon Devices and Services LLC offers cloud-based services powering 140,000+ devices. It provides these services.
- Kindle
- Tablet
- Fire
- Echo Blink
- Ring
- Luna
- Fire TV
- Eero
Entertainment
Amazon Services LLC entertainment offers customers access to the latest games and apps.
Besides, users can download or stream films, music, and TV shows. Here's the content users enjoy.
- Amazon Music
- Amazon Studios
- Audible Twitch
- Prime Video
- Amazon Games
- Prime Gaming
5. June
June LLC was created with doula and has grown from strength to strength. The actionable product analysis software is ideal for B2B SaaS companies.
As SaaS companies increase, competition is getting stiffer by the day. Monitoring data and analytics helps keep B2B SaaS companies afloat and above competition.
June helps these brands to activate signups, user base retention, and data security.
June's target audience is in the US, explaining why the team operates from France, making it an international entity.
Operating on foreign soil is no easy fit, and June needed more support and guidance to form the LLC.
6. Berkshire Hathaway
Berkshire Hathaway is an investment corporation known for holding many subsidiary LLCs offering various services. The subsidiary LLCs are;
- GEICO - directly underwrites private passenger automobile insurance responses.
- Berkshire Reinsurance Group - Underwrites excess circumstantial losses worldwide,
- Berkshire Hathaway Primary Group - Underwrites various property lines and casualty insurance policies for commercial accounts.
- Burlington Northern Santa Fe LLC (BSNF) - Railroad systems mainly in North America
- Berkshire Hathaway Energy - Regulates electric and gas utilities, power generation, and distribution.
- McLane Company - Wholesale distribution of groceries and non-food products
- Manufacturing - Industrial and end-user products, building materials and garments
- Service and Retailing - Aircraft ownership programs, aviation pilot training, distribution of electronic components, and retail businesses like automobile and furniture leasing.
7. Hertz Vehicles LLC
Hertz Vehicles LLC is recognized globally as a car rental company. It falls under the Hertz umbrella and operates in 160 countries. The Delaware LLC is based in Florida and operates under the Hertz brand.
If you're searching for car rental services online, there's no doubt you'll browse through various offers under Hertz.
The company enjoys a 36% market share, making it the most prominent vehicle rental company globally that began as an LLC.
8. ExxonMobil
ExxonMobil Sales and Supply LLC is a subsidiary of ExxonMobil Corporation, which trades in gas and crude oil.
The oil and gas company produces, purifies, and distributes petroleum and petrochemical products. ExxonMobil Sales and Supply LLC provides other services like hydraulic fracturing and oil exploration.
The equity crude oil marketing group enjoys a worldwide client base. They have a global integrated operations team in logistics and trading teams operating worldwide.
The ExxonMobil team markets crude oil condensates global production, supplying 1M+ barrels daily.
9. Johnson & Johnson LLC
Johnson & Johnson is the parent corporation of the Johnson & Johnson LLC. It's a wholesale supplier of medical equipment, apparatus, and instruments. Here are the two main specialities of Johnson & Johnson LLC.
Innovative Medicine
Johnson & Johnson Innovative Medicine points the direction of where medicine is heading.
Their source of inspiration is patients who inform and inspire science-based innovations that continue to change and save lives.
With meticulous science, the team addresses complex diseases and unlocks future treatments. They also engage in therapies in;
- Oncology
- Immunology
- Neuroscience
- Cardiovascular
- Pulmonary Hypertension
- Retina
MedTech
Johnson & Johnson MedTech innovations intersect between biology and technology.
They focus on treating precise pain points, including hardest-to-reach body parts.
The treatments are less invasive and customized to address complex diseases, and the focus areas include;
- Interventional Solutions
- Orthopaedics
- Surgery and Vision.
Here's a list of some Johnson & Jonson subsidiaries;
- Janssen Pharmaceuticals
- ETHICON Inc.
- DePuy Synthes Companies
- Johnson & Johnson Vision
- Abiomed
- Neutrogena
- Johnson & Johnson Ltd.
10. Blockbuster LLC
Initially, Blockbuster LLC was an American film provider known as Blockbuster Video. The LLC was founded in 1985 and disrupted the video rental contest through fast expansion.
It came to the entertainment market when most video stores operated on a small scale, taking over as a giant. With the formation of Blockbuster LLC, the founder's debts were limited.
LLCs protect the owner from liability. Hence, considering how the entertainment industry revolutionized in the coming years, it was a positive financial move.
Viacom Inc. later acquired Blockbuster, and the brand joined other successful brands like MTV and Nickelodeon.
Only a short time after the shift, DVDs were introduced to the world, and Blockbuster adjusted by recording and renting films on DVD. Entertainment formats continued to evolve from DVDs to flash disks.
Today, online streaming has made video renting obsolete, and by 2014, stores that stocked DVDs closed shop. Today, the only Blockbuster that exists are independent branches in Oregon and Brent.
Blockbuster LLC is an enterprise segment of Dish Network.
Today, Blockbuster only exists as a sentimental enterprise providing infinitive entertainment.
Frequently Asked Questions (FAQs)
What businesses should have an LLC?
The businesses that need to form LLCs need flexibility in taxes and management strategies. It's a sound move to protect assets and increase revenue.
What are some common examples of LLCs?
Some examples of LLCs include law firms, marketing firms, car rentals, physician offices, and financial advising firms.
What is the top job title in an LLC?
The top job title in an LLC can be chief executive officer or director, which is a sign of who is in charge. Depending on the members of an LLC, there must be a top person running the business.
Do You Want Help Registering an LLC?
If so, Foundeck can help you. With Foundeck, you can successfully register an LLC. Foundeck is the world’s largest ecosystem for international founders, digital nomads and online entrepreneurs to start, launch
and grow a UK or US company.
Conclusion
Most successful companies are operating as LLCs due to the benefits that come with the business structure. The business structure presents startups with great opportunities for making profits. Why be in business if you can't make significant profits? LLCs are great for startups or small businesses, explaining why they're famous.
Have any question about LLC? Reach out to Foundeck today.
