What is limited liability company?

Answer 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 »

Top Q&A For: What is limited liability company

What is a limited liability company?

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 »

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 a foreign limited liability company?

According to the IRS, a limited liability company (LLC) is a business structure allowed by state statute. A foreign limited liability company is an LLC that operates outside its state of formation.... Read More »

What is a professional limited liability company?

A Professional Limited liability Company (PLCC) is formed by professionals such as doctors, tax consultants, accountants, lawyers to conduct their business. A PLLC is a cross between a sole proprie... Read More »