What is Limited Liability Company (LLC)?

[kelly_brooks]

The Limited Liability Company or LLC is not a partnership or a corporation. Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. An LLC is a distinct type of business that offers an alternative to partnerships and corporations, by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.

[archana_sharma]

A form of business structure designed to combine the best of corporate and partnership attributes into one entity.

[devashishseo]

Nice, thanks for sharing. I was also wondering about this topic.

[Ryley]

thanks , i came across it weeks ago and i totally forgot to google it

[newbie2010]

Here is a good article to read.