A limited liability company llc is a corporate structure whereby the company members cannot be held personally liable for the companys debts or liabilities. A limited liability company llc is the united states of america specific form of a private limited company it is a business structure that combines the pass . Limited liability company a noncorporate business whose owners actively participate in the organizations management and are protected against personal . A limited liability company is a relatively new business structure allowed by state statues llcs are popular because similiar to a corporation owners
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