A limited liability company llc is a business structure allowed by state statute each state may use different regulations and you should check with your state if you are interested in starting a limited liability company. A limited liability company llc is the united states specific form of a private limited company it is a business structure that combines the pass through taxation of a partnership or sole proprietorship with the limited liability of a corporation. Learn the definition of a limited liability company or llc find the information you need about starting an llc and form an llc online through legalzoom. What is a limited liability company llc a limited liability company llc is an unincorporated business organization of one or more persons who have limited . A limited liability company llc is a corporate structure whereby the members of the company cannot be held personally liable for the companys debts or liabilities limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship
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