Limited Liability Companies For Dummies - MARKETING

When they incorporate, many businesses form as Limited Liability Companies (LLCs). An LLC is a corporate structure that’s a separate entity from the person(s) forming it. It also requires the owners ...

Opinions expressed by Entrepreneur contributors are their own. When choosing a small business structure, many owners go for a limited liability company (LLC) because of the protection from liabilities ... limited /ˈlɪmɪtɪd/ adj having a limit; restricted; confined without fullness or scope; narrow (of governing powers, sovereignty, etc) restricted or checked, by or as if by a constitution, laws, or an assembly: limited government chiefly Brit (of a business enterprise) owned by shareholders whose liability for the enterprise's debts is restricted ˈlimitedly adv ˈlimitedness n A limited liability limited partnership shields both general and limited partners from personal liability for business debts and legal action, which may make it more enticing to some than a limited ... Forbes: What Is A Limited Liability Company (LLC)?

limited liability companies for dummies, Definition, Pros & Cons