A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions. LLCs do not need to be organized for profit.
Read more about Limited Liability Company: Overview, Flexibility and Default Rules, Income Taxation, Advantages, Disadvantages, Variations, International Equivalents
Famous quotes containing the words limited and/or company:
“There is, it seems to us,
At best, only a limited value
In the knowledge derived from experience....”
—T.S. (Thomas Stearns)
“People who abhor solitude may abhor company almost as much.”
—Mason Cooley (b. 1927)
Related Phrases
Related Words