What is a limited liability company?

Answer A limited liability company is a newer type of business entity, also referred to as an LLC. An LLC is a hybrid form of business that combines the elements of a partnership with that of a corporatio... Read More »

Top Q&A For: What is a limited liability company

What is an limited liability company?

A limited liability company (or LLC) is a business entity which joins various aspects of corporations, partnerships and sole proprietorship. LLCs are structured by state law, so the company must fo... Read More »

What is limited liability company?

A Limited Liability Company (LLC) is designed to protect its owner from being sued personally for any type of business liability. An LLC is filed and granted at the state level. LLC owners, which c... Read More »

Virginia Limited Liability Company Act?

The Virginia Limited Liability Company (LLC) Act, enacted by the General Assembly of Virginia in 1991, allows individuals and entities such as partnerships to create businesses that retain the tax ... Read More »

Nevada Limited Liability Company Act?

The Nevada Limited Liability Company Act set laws outlined in Chapter 86 of Nevada state legislature. These laws pertain to the registering, creation, operation and liabilities of LLCs in the state... Read More »