Definition of Limited Liability Corporation

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Definition of a Limited Liability Company or LLC More
Published: 9 years ago by Antony Teale | permalink
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Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity. This means that an LLC can obtain a tax identification number, open a bank account and do business, all under its own name. The primary advantage of an LLC is that its owners, known as members, have "limited liability," meaning that, under most circumstances, they are not personally liable for the debts and liabilities of the LLC.
Tags: Definition of a Limited Liability Company or LLC, LLC guide, LLC, guide
For further reading: https://www.legalzoom.com/knowledge/limited-liability-company/topic/limited-liability-company ^[1]

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Limited+liability+corporation More
Published: 9 years ago by John Kufta | permalink
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Definition of Limited+liability+corporation in the Legal Dictionary by The Free Dictionary

For further reading: http://legal-dictionary.thefreedictionary.com/Limited%2Bliability%2Bcorporation ^[2]

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Limited Liability Company (LLC) Definition | Investopedia More
Published: 9 years ago by Jacek Slotala | permalink
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A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next. However, it is essentially a hybrid entity that combines the characteristics of a corporation and a partnership or sole proprietorship.
Tags: business partnership,limited liability,sole proprietorship,limited liability company - llc,dictionary,glossary,education,investment,tutorials,investing,invest,investor,stocks,quotes,analysis,beginner,finance,financial,market,news,401k,ira,personal,definitions,terms,mutual funds,ipo,options,nasdaq,trader,trading

For further reading: http://www.investopedia.com/terms/l/llc.asp ^[3]

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Limited Liability Company More
Published: 9 years ago by Daren Schneider | permalink
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A form of business organization with the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership - Small Business Encyclopedia
Tags: encyclopedia

For further reading: http://www.entrepreneur.com/encyclopedia/limited-liability-company ^[4]

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What is a limited liability company? - Nolo.com More
Published: 9 years ago by Peter Mc Kee | permalink
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What is a limited liability company?

For further reading: http://www.nolo.com/legal-encyclopedia/limited-liability-company-llc-faq-29144.html ^[5]

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What is limited liability company (LLC)? definition and meaning More
Published: 9 years ago by Kevin Wightman | permalink
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Definition of limited liability company (LLC): Relatively recent type of US business structure that combines the limited personal liability feature of a corporation with the single taxation feature of a partnership or sole-proprietorship firm. Its...

For further reading: http://www.businessdictionary.com/definition/limited-liability-company-LLC.html ^[6]

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What Makes an LLC Different? More
Published: 9 years ago by Vittorio Callea | permalink
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Limited Liability Company LLC. US Business Law / Taxes.

For further reading: http://biztaxlaw.about.com/od/glossaryl/a/llcdefinition.htm ^[7]

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Category: Fun | 9 years ago

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Contributors

Peter Mc Kee, Daren Schneider, John Kufta, Jacek Slotala, Kevin Wightman, Vittorio Callea, Antony Teale

References & Citations

1. https://www.legalzoom.com/knowledge/limited-liability-company/topic/limited-liability-company

2. http://legal-dictionary.thefreedictionary.com/Limited%2Bliability%2Bcorporation

3. http://www.investopedia.com/terms/l/llc.asp

4. http://www.entrepreneur.com/encyclopedia/limited-liability-company

5. http://www.nolo.com/legal-encyclopedia/limited-liability-company-llc-faq-29144.html

6. http://www.businessdictionary.com/definition/limited-liability-company-LLC.html

7. http://biztaxlaw.about.com/od/glossaryl/a/llcdefinition.htm