Limited Liability Company
For more information, see The Difference between an S Corporation and an LLC.
Use this term in a sentence
“ They were a limited liability company and I didn't think they would be, since our state did not authorize it. ”
“ The Limited Liability Company operated in a special way that took on some risk but hedged their potential losses individually. ”
“ The idea of setting their business up as a limited liability company, with less restrictions, was very appealing to the couple who were planning on starting their own business. ”