A limited liability company (LLC) is the United States-specific form of a private limited company. ..... VOF partners are jointly and severally liable for the obligations of the VOF, meaning that if the assets owned by this partnership are not sufficient, ...
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.
Nov 7, 2016 ... An explanation of the LLC business form, including LLC taxation, common myths, and how to form an LLC in one or more states.
A limited liability company (LLC) is a corporate structure whereby the members of the company cannot be held personally liable for the company's debts or ...
Unlike an s corp or c corp, an LLC's structure is flexible. ... report their share of profit and loss on their individual tax returns, meaning you avoid double taxation.
For new business owners, an explanation of an LLC as compared to other forms of business ownership is helpful in deciding which to choose. LLC stands for ...
Definition: A form of business organization with the liability-shield advantages of ... Many states allow a business form called the limited liability company (LLC).
The LLC is an alternative type of business entity. An LLC is like a corporation regarding limited liability, and it's like a partnership regarding the flexibility of ...
Here is an easy-to-understand definition of what an LLC is! ... The simple definition of a limited liability company (LLC) is that it is a form of business entity that ...