A limited liability company, commonly called an “LLC,” is a corporate structure in which a company’s shareholders cannot be help personally responsible for the company’s debts or liabilities.
A limited liability company, commonly called an “LLC,” is a corporate structure in which a company’s shareholders cannot be help personally responsible for the company’s debts or liabilities.
An LLC is a legal hybrid that shares elements of a corporation and a partnership. Notably, an LLC features the liability protection of a corporation while allowing income to be distributed to the owners as individuals (and thereby taxed accordingly).
