Limited Liability Company (LLC) Meaning and Definition
3 min read
Limited Liability Company (LLC) Meaning and Definition

What is a Limited Liability Company (LLC)?
An LLC is a hybrid type of business structure where the owners of the LLC are called "members," and a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to your personal income tax return. 

Business owners looking for the liability protection that a corporation can provide when starting a business, without the double taxation, should consider forming a limited liability company...

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