What is LLC?
The most common structure for a small US business. It separates personal assets from business liability without corporate formality.
Legal
The definition
Limited liability company. A structure that separates personal assets from business liabilities.
Where it comes up
This shows up in the structure comparison on this site.
Related
Questions people ask
What is LLC?
Limited liability company. A structure that separates personal assets from business liabilities. The most common structure for a small US business. It separates personal assets from business liability without corporate formality.