ASC carries out the majority of its work through three limited liability companies:
(1) AV Medical Services, LLC (AVMS). Operates the assisted living residence and handles bookkeeping for all ASC enterprises.
(2) The Villas at Academy Village, LLC (TVAV). Owns the buildings and manages the property.
3) AV Wellness, LLC (AVW). Currently non-operative, this LLC is available to accommodate additional health care programs.
Each LLC is a distinct legal entity and operates independently from the other LLCs. For tax reporting purposes, the LLCs are considered disregarded entities.