LIMITED LIABILITY COMPANY

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A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. Limited liability companies are permitted under state statutes, and the regulations governing them vary from state to state. LLC owners are generally called members.

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A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. Limited liability companies are permitted under state statutes, and the regulations governing them vary from state to state. LLC owners are generally called members.

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