A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions. LLCs do not need to be organized for profit.
Read more about Limited Liability Company: Overview, Flexibility and Default Rules, Income Taxation, Advantages, Disadvantages, Variations, International Equivalents
Famous quotes containing the words limited and/or company:
“Even with limited intelligence, knowing oneself is not as difficult as some say, but to act according to what one has realized about oneself in real life is as difficult as practicing anything else, compared to theory.”
—Franz Grillparzer (1791–1872)
“Some fluctuating notions concerning repentance, virtue, honor, morality ... hovered around Lady Dellwyn’s thoughts but were too wavering to bring her to any fixed determination. She became a constant attendant from one public place to another, where she met with many mortifications. But yet even these were not quite so dreadful to her as to retire and be subjected to her own company alone.”
—Sarah Fielding (1710–1768)