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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 Does LLC Mean? A Definition

If you have questions about whether an LLC is right for you, it's smart to find a lawyer.If you're ready to start a business our Guide to Starting a Business can help you get underway. If you’re interested in forming an LLC, be sure to visit our LLC Map for a state-by-state overview of what it takes to create a limited liability company.. Get started Start Your LLC Answer some questions.…

What is a Limited Liability Company (LLC)?

May 30, 2019 · A Limited Liability Company or LLC is a legal form of business organization with daily activities like a partnership but with limited liability for the owners similar to a corporation. The liability of LLC members is limited to their investment in the business.…

What is an LLC (Limited Liability Company)? LegalZoom

What is an LLC and what does LLC stand for? A limited liability company (LLC) combines elements of a partnership, sole proprietorship, and a corporation to ensure that the owners of the company are not personally liable for their company's debts or liabilities. How is ……