Limited Liability Company
type: Class
preferred label: LLC
alternative label: 有限责任公司
subclass of: R7oBWHStfmqTLn2MypkW3Pj
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.