Search unanswered questions...

Enter a question here...
Search: All sources Community Q&A Reference topics


Answer

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 to the status of shareholders in a corporation, but its income and losses are normally passed through to the owners as if it were a partnership.

Improve Answer Discuss the question "What is an LLC?" Click here to register and get updates when this answer is edited.

First answer by Wikiesq. Last edit by Wikiesq. Contributor trust: 91 [recommend contributor]. Question popularity: 3 [recommend question]

Answers.com > Wiki Answers > Categories > Business and Finance > Business > Small Business and Entrepreneurship > What is an LLC?

Our contributors said this page should be displayed for the questions below. (Where do these come from)
If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.
What stand for LLC?  How does an LLC work?  What is the work of LLC?  What is 63rd street llc?  What are examples of llc?  Who and where is cf group llc?  What are the benefits of an llc?  What does LLC in psychology stand for?  What is a llc and what are the benefits?  What is the purpose of a llc incorparate?  Suing a llc can you get money from the member if the llc is bankrupt?  Will a LLC protect your other assets outside of LLC if you let them reposess your vehicle that is in llc all by itself?