What Is a Limited Liability Company: Disadvantages Notwithstanding the benefits, there are still certain drawbacks to forming an LLC that company owners who’ve done their research should think about.

According to the experts at Legal Zoom, a limited liability company, commonly referred to as an LLC, is a legal status that establishes a business as its own legal entity while separating the business ...

It stands for Limited Liability Company, which is a type of business entity where the members are not personally liable for the company’s debts or obligations. Unlike S-corps and C-corporations, LLCs ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. SDI Productions / Getty Images A family limited liability ...

Unlike corporations, forming a limited liability company (LLC) is easy and requires minimal paperwork. The operating agreement of a limited liability company (LLC) might detail the roles and ...

LLCs, or limited liability companies, are business entities available in the United States that incorporate some of the best features of corporations and partnerships. Its legal structure protects the ...