LLC Limited Liability Company

A LLC, or Limited Liability Company, is a type of business structure that limits the personal liability of the debts and actions of the business. There can be …

A LLC, or Limited Liability Company, is a type of business structure that limits the personal liability of the debts and actions of the business. There can be as little as one member, as is allowed in most states. There is no limit to the number of members in an LLC (1).

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Sources
1. IRS.gov

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