What is a LLC?

Answer:
LLC is a Limited Lialibility Corporation where in the lialibility is limited upto the amount of its paid up capital only.



Forming an LLC is an excellent way for business owners to shield their personal assets. LLCs are also very beneficial to real estate investors. LLCs are one of the best means for holding real estate and other appreciating assets. Two major reasons for forming an LLC are:
The two major reasons for forming a corporation are:
  • Personal Liability Protection
  • Flexibility
First answer by ID2076814399. Last edit by Lawinc. Contributor trust: 2 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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Relevant answers:

  • Can a LLC invest in its parent LLC?

    Yes, a LLC, that is, a LLC that is member of a LLC, could theoretically make a distribution to its parent LLC. Although, where member(s) of the LLC that is a member of the "parent" LLC are also...

  • What is an LLC?

    LLC stands for "limited liability company." The LLC is a relatively type of new business entity in the United States. Its owners have limited liability for the entity's debts and obligations, similar...

  • What is llc?

    LLC stands for limited liability company. It's a type of business structure that, true to name, limits the amount of financial liability the owner faces. Most people who choose to create an LLC do so...

  • Can an llc escape a lawsuit by selling the llc?

    No. See related question link that explains the liability of an LLC.

  • What does llc stand for?

    Limited Liability Company

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