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The articles keep referring to Waymo at "Waymo LLC". Almost every venture I've seen has been a corporation, not LLC... anything interesting as to why it's a LLC
by icinnamon 9y ago
The articles keep referring to Waymo at "Waymo LLC". Almost every venture I've seen has been a corporation, not LLC... anything interesting as to why it's a LLC?
- linkregister 9y agoLimited Liability Corporation just has to do with the number and composition of shareholders. Most likely, Waymo has one shareholder: Alphabet, Inc. This is common among subsidiaries of large companies. If you look at the contracts you sign with your mobile phone provider or rental car agency, you'll probably see that you're contracting with a local subsidiary LLC.
- uiri 9y agoLimited Liability Company. An LLC is not a corporation although it may choose to be taxed as one. Chances are Waymo, as a wholly owned subsidiary is a single member LLC and a disregarded entity for tax purposes.
- linkregister 9y agoThanks for the correction!
- bwilliams18 9y agoProbably because it's a subsidiary of Google, an LLC is a simpler structure, and probably allows for no taxation and straightforward financial pass through , but I'm not a lawyer and I don't know any more specifics.