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:
“...women were fighting for limited freedom, the vote and more education. I wanted all the freedom, all the opportunity, all the equality there was in the world. I wanted to belong to the human race, not to a ladies’ aid society to the human race.”
—Rheta Childe Dorr (1866–1948)
“We do not mind our not arriving anywhere nearly so much as our not having any company on the way.”
—Frank Moore Colby (1865–1925)