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Definition of a Limited Liability Company or LLC - Limited ...

Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity. This means that an LLC can obtain a tax identification number, open a bank account and do business, all under its own name. The primary advantage of an LLC is that its owners, known as members, have "limited liability," meaning that, under most circumstances, they are not personally liable for ...…

What is an LLC? - Limited Liability Company Center

What is an LLC? The simple definition of a limited liability company (LLC) is that it is a form of business entity that limits the liability of its owners while allowing flexibility in operation and management and passing through its income to its members with no tax at the entity level. Well, that’s a pretty easy definition of an LLC, but it leaves a lot of queations unanswered.…

Ltd. (Limited) Definition

A limited company (LC) is a form of incorporation that limits the amount of liability undertaken by the company's shareholders. more GmbH and Setting up a Limited Liability Company in Germany…