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Explanation of LLC
An LLC, or limited liability company, is a business structure that lies between sole proprietorship and full-blown incorporation. Each person in an LLC is called a member, and LLCs can be run by one or many members.... More »
Difficulty: Easy
Source: www.ehow.com

en.wikipedia.org/wiki/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. An LLC is not a corporation in itself; it is a legal form of a company that provides ...

www.thebalance.com/all-about-limited-liability-companies-llcs-398649

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.

www.legalzoom.com/knowledge/limited-liability-company/topic/limited-liability-company

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.

smallbusiness.chron.com/explanation-llc-3149.html

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 limited liability company, which as the name ...

www.investopedia.com/terms/l/llc.asp

A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next. However, it is essentially a hybrid entity that combines the characteristics of a corporation and a partnership or sole ...

www.entrepreneur.com/encyclopedia/limited-liability-company

Definition: A form of business organization with the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership . Many states allow a business form called the limited liability company (LLC). The LLC arose from business owners' desire to adopt a business structure ...

www.dummies.com/business/accounting/what-is-a-limited-liability-company-llc

The Limited Liability Company or LLC is an alternative type of business entity. A Limited Liability Company or LLC is like a corporation regarding limited liability, and it's like a partnership regarding the flexibility of dividing profit among the owners. An LLC can elect to be treated either as a partnership or as a corporation for ...

www.incorporate.com/limited_liability_company.html

LLC owners report their share of profit and loss on their individual tax returns, meaning you avoid double taxation. No residency requirement. Those who an LLC need not be U.S. citizens or permanent residents. Legal protection. Creating an LLC means gives you limited liability for business debts and obligations.

www.residual-rewards.com/explanation-of-llc.html

Explanation of LLC - A Limited Liability Company or LLC is a legally formed company which has...