Limited Liability Company
Definition
A limited liability company (LLC) is a corporate structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
Class Relationships
Parent(s)
- • Entity
Children 0
- • None
Translations
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Identifier
ENTITY-LLC
Deprecated
No
Source and Origin
No source or origin information available