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  2. Limited liability company
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    A limited liability company, commonly referred to as an LLC, is a type of business structure commonly used in the U.S. LLCs can be seen as a hybrid structure that combines features of both a corporation and a partnership. Like a corporation, LLCs provide their owners with limited liability in the event the business fails.
    An LLC, or "limited liability company," is a business structure that protects business owners from personal liability for the limited liability company's business debts.
    A limited liability company (LLC) is a legal business structure that offers certain protections between your personal and business assets. More specifically, LLCs can help to protect your personal assets, such as your home or vehicle, in the event your business is sued or declares bankruptcy.
    A limited liability company (LLC) is a popular business structure combining both the liability protection of corporations and pass-through taxation of partnerships.
     
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    WEBJul 15, 2024 · An LLC, or "limited liability company," is a business structure that protects business owners from personal liability for the limited …

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