# Limited Liability Company

**IRI:** https://folio.openlegalstandard.org/R98E2kVwPFwTnP6oxYUt9HR

## Labels

**Preferred Label:** LLC

**Alternative Labels:**

- Limited Liability Company

**Translations:**

- de-de: Gesellschaft mit beschränkter Haftung
- fr-fr: Société à responsabilité limitée
- ja-jp: 有限責任会社
- pt-br: Empresa de responsabilidade limitada
- zh-cn: 有限责任公司

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R7oBWHStfmqTLn2MypkW3Pj

## See Also

- https://folio.openlegalstandard.org/R7oBWHStfmqTLn2MypkW3Pj
- https://folio.openlegalstandard.org/RDdgYa5ZbqVnS9aGrOwQu5h
- https://folio.openlegalstandard.org/Ru4xTEglN22D9fpGWBZpgs

**Deprecated:** False

**Identifier:** ENTITY-LLC