What does LLC stand for? Plus, tax and legal considerations An LLC, or "limited liability company," is a business structure that protects business owners from personal liability for the limited liability company's business debts. LLCs as a business structure are very popular due to the ease of formation and generally low startup cost. This comprehensive guide explains what an LLC is, how it ...
Start your LLC in 6 simple steps — naming, filing, EIN, operating agreements, and costs for all 50 states. Free guide updated for 2026.
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Review information about a Limited Liability Company (LLC) and the federal tax classification process.
A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.
A limited liability company (LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners ...
An LLC (limited liability company) is a common business structure for small businesses, entrepreneurs and freelancers. But there are a lot of misconceptions about how an LLC works and the benefits ...