
Limited Liability Company - State of Michigan
A limited liability company is a business formed by an organizer who may, but need not be a member. It is a business entity separate from its members and liability is limited to the financial contribution made by the member. The members are the owners of the company.
What Is an LLC? Limited Liability Company Structure and
Jul 29, 2024 · A limited liability company (LLC) is a business structure in the U.S. that protects the assets of its owners from lawsuits and creditors concerned with the company's business debts.
Limited liability company (LLC) | Internal Revenue Service
Feb 14, 2025 · A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company. Owners of an LLC are called members.
Limited liability company - Wikipedia
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1]
What Is an LLC? Limited Liability Company Definition - LegalZoom
Jul 15, 2024 · 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. LLCs as a business structure are very popular, but how do you know if it's your right choice?
What Is A Limited Liability Company (LLC)? Definition, Pros
Jun 5, 2024 · A limited liability company, or LLC, is a U.S. legal entity used to own, operate and protect a business. LLCs provide the same legal and financial protections corporations do but can be simpler...
What Is an LLC? Pros and Cons of a Limited Liability Company
Mar 11, 2024 · A limited liability company (LLC) separates a company from its owners, protecting the owners from any financial losses, debts or legal liabilities that the business may incur.
What Does It Mean to Be an LLC? - LegalZoom
Mar 21, 2024 · The letters "LLC" after a company name mean that the company is organized as a limited liability company rather than as a corporation, partnership, sole proprietorship, or other business type. An LLC has a more flexible structure and fewer requirements than a corporation.
LLC (Limited Liability Company) | Everything You Need to Know
A limited liability company (LLC) is a popular business structure combining both the liability protection of a corporation and pass-through taxation of a partnership. One advantage of an LLC is the flexibility it offers in terms of management and ownership structure.
What Is a Limited Liability Company (LLC)? - Nolo
Aug 16, 2024 · A limited liability company (LLC) combines the best parts of corporations, sole proprietorships, and partnerships into one business entity. This popular choice for small businesses offers owners liability protection, a flexible …