Limited Liability Company Definition

Limited Liability Company

Definition

LLC. A type of company, authorized only in certain states, whose owners and managers receive the limited liability and (usually) tax benefits of an S Corporation without having to conform to the S corporation restrictions.

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Limited Liability Company is ...
... part of the Taxes subject.

Related Terms

C Corporation -

limited company - More

partnership - More

proprietorship, sole proprietorship, Limited Liability Partnership, LLP

Limited Liability Company appears in the definitions of these other terms on BusinessDictionary.com

company limited by share