LLC stands for limited liability company. That means that the company does not have full liability if the company has financial issues such as a lawsuit.
"An LLC Corporation is often used by small business owners to protect them from monetary liability. When you set up an LLC Corp. your personal property, i.e., house, car and other personal assets are...
LLC = Limited Liability CompanyIt is sometimes mistakenly referred to as a Limited Liability Corporation. However, an LLC can file taxes as either a Discarded Entity, a Corporation or a Partnership.