What EXACTLY is the LLC anyway?
I have owned in TV for a couple of years and have taken, and enjoyed, several classes at the LLC. However, I have never figured out exactly what it is. Is it a 501(c)(3) corporation, i.e., a tax-exempt educational organization--contributions to which tax deductible? Or is it a profit-making operation owned by the Developer? Or is it something else? The LLC catalog is silent on the subject.
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