Glossary

FundKite Glossary of Business Finance Terms.

Limited Liability Company

LLC are a business entity where the owners are not personally liable for the businesses debts. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. For an LLC there’s no need to file a corporate tax return. LLC owners report their share of profit and loss on their individual tax returns, meaning you avoid double taxation.

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1. Our products are purchases of account receivables and are not business loans.

2. FundKite can approve you in as little as 2 business hours for up to $2,000,000 when we are able to obtain your business data and verify your bank account.

3. Once final approval is made funds will be available in your account within 24 hours.

The information provided through FundKite does not constitute legal, tax, financial or accounting advice, and should not be considered a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business.