Limited Liability Company
History, Formation, Structure, Operating Agreement, Membership Interests, Member Contributions, Liability, Records And Books
A noncorporate business whose owners actively participate in the organization's management and are protected against personal liability for the organization's debts and obligations.
The limited liability company (LLC) is a hybrid legal entity that has both the characteristics of a corporation and of a partnership. An LLC provides its owners with corporate-like protection against personal liability. It is, however, usually treated as a noncorporate business organization for tax purposes.
Additional topics
- Limited Liability Partnership - Further Readings
- Limited
- Limited Liability Company - History
- Limited Liability Company - Formation
- Limited Liability Company - Structure
- Limited Liability Company - Operating Agreement
- Limited Liability Company - Membership Interests
- Limited Liability Company - Member Contributions
- Limited Liability Company - Liability
- Limited Liability Company - Records And Books
- Limited Liability Company - Taxation
- Limited Liability Company - Member Withdrawal
- Limited Liability Company - Dissolution
- Limited Liability Company - Further Readings
- Other Free Encyclopedias
Law Library - American Law and Legal InformationFree Legal Encyclopedia: Legislative Veto to Lloyd's