Limited Liability Company (LLC)

What is it? A business structured so that its owners are not personally liable for debts or other business liabilities such as damages from lawsuits. LLCs are taxed similarly to partnerships, thus avoiding double taxation.

Added By: Caroline

Send To Friends!

If you'd like to send the Limited Liability Company (LLC) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Limited Liability Company (LLC). If you need any more information on this term, please don't hesitate to contact us.