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What is a Limited Liability Company (LLC)?

Updated: Aug 7, 2022

A Limited Liability Company (LLC) is a business structure classified by the government as a separate legal entity from its owner. An LLC is a middle option between a sole proprietorship/partnership and a corporation.

The main benefit of an LLC is to protect an owner's assets from being used to pay business debts or claims arising from lawsuits. Additionally, an LLC can be taxed similar to a sole proprietorship/partnership or as a corporation.

Additional Resources:

1. Learn more with this book/ebook:

2. Get Professional Help to Form an LLC in your state with ZenBusiness

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