What is an LLC?

What is an LLC?

A limited liability company (LLC) is a legal entity formed to operate a business. It provides many of the advantages of a traditional corporation, but it is easier to form and maintain.

There are fewer formal meetings and documentation than with a standard corporation.  All LLC owners are typically protected from personal liability for business debts and claims.  Normally, LLC owners stand to lose only the money that they’ve invested in the LLC.

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