Well Known LLC Companies: Everything You Need to Know
There are many well known LLC companies that people may not realize are LLCs.3 min read
Updated July 8, 2020:
There are many well known LLC companies that people may not realize are LLCs. LLCs, or limited liability companies, have many advantages when running a business, which is why they're a popular business entity. Here are some examples of famous LLCs.
Well Known LLC Companies
The company Alphabet may not be known to many people by the name itself, but it has a famous subsidiary - Google. It was started in 2015 and has many companies in different areas, such as wearable technology and medical research.
China Mobile claims to be the largest mobile network in the world and has the biggest mobile customer base. It's the top telecommunications services provider in the Hong Kong Special Administrative Region and mainland China.
Berkshire Hathaway may not involve technology, but it's a large company that started back in 1888 when it was a textile company. It now has many different sectors, including railroads, insurance companies, and utilities. This is partly owned by the famous investor Warren Buffet.
Exxon Mobil is another famous LLC and is the largest gas and oil company in the world. It dropped from being in the top spot to number five last year. This company got formed when Exxon and Mobil merged together in 1999.
Johnson and Johnson is a large company that's been around for awhile. It sells pharmaceutical goods in many countries.
General Electric, also known as GE, is one of the older companies on this list, starting in 1878 when Thomas Edison established the Edison Electric Light Company. It is the only company in the Dow Jones Industrial Index that was on the original index back in 1896.
Famous LLCs in Technology
One of the most well-known LLCs is Apple, which was started when Steve Jobs built the first Apple computer in his parents' garage. It's been called the most valuable company in the world and is estimated to have a net worth of $605 billion. Unfortunately, the iPhone started to see deceased sales in 2016.
Microsoft is the most famous rival to Apple and was started in a garage as well, where Paul Allen and Bill Gates put their first computer together. This was founded a year earlier than Apple in 1975.
Amazon was originally started in 1995 in a garage when it was an online bookstore. It now delivers everything imaginable, from food to clothes to electronics. The site is used so much that when it went down last year for 49 minutes, the company missed out on an estimated $5.7 million in sales.
Another online giant, Facebook, started as a college experiment in 2004. It had almost 1.79 billion active users each day in May 2020. Almost 85 percent of these were outside of Canada and the US.
AOL, or America Online, was originally known as Quantum Computer Services when it was first founded in 1985. In 2006, it renamed itself to AOL. It was one of the major internet providers in the 90s.
In 1996, BackRub was the name of the top search engine in the world. Serge Brin and Larry Page decided to rename the company to Google in 1998, as it's now known. They came up with the name based on the word "googol," which represents the number one followed by 100 zeros. They choose this to show how there was an infinite amount of items to search for on the web.
In 1996, the electronics store Sound of Music was founded and specialized in high fidelity stereos. It pulled in $58,000 profits and $1 million in revenue in the first year alone. The most profitable store got hit by a tornado in 1981, after which they had a "Tornado Sale" of the damaged stock in the parking lot. The sale was advertised by promising "best buys" on all the items. This sale was extremely profitable, and the store was renamed in 1983 to Best Buy.
Other Famous LLCs
There are many other famous LLCs, including the following:
- Hertz Rent-a-Car
There are many well known LLC companies that started out small and now are huge names in the industry.
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