Terms Beginning With 'l'

Limited Liability Company (LLC)

  • January 17, 2020
  • Team Kalkine

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. 

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