Definition

Related Definitions


Limited Liability Company (LLC)

  • Updated on

A Limited Liability Company (LLC) is the United States specific form of a private limited company providing a limited liability to the owners in several jurisdictions to the extent of capital invested. Such companies are recognized for the flexibility that they offer to business holders and on the basis of situation, an LLC might choose to utilize corporate tax rules as an alternative of being treated as a partnership. 




We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.