What is a LLC or Limited Liability Company?

LLC or Limited liability company is one in which liabiliity of the shareholders is limited to the value of shares they hold.

its a company made by one or by small group and the are responsoble for any loss and coverd from there personal mony in the company

A limited liability company (LLC) is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.

Thanks for inviting me.A Limited Liability Company (LLC) is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are).A limited liability company is a hybrid  type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. The "owners" of an LLC are referred to as "members." Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations or other LLCs. Unlike shareholders in a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses are "passed through" the business to each member of the LLC. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would.

A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next. However, it is essentially a hybrid entity that combines the characteristics of a corporation and a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of a LLC is a feature of partnerships.

1. A Limited Liability Company (LLC) is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC, although a business entity, is a type of unincorporated association and is not a corporation.

 agree with most of the answers

The Limited Liability Company or “LLC” is

company consists of two or more persons, and The responsibility of the partner for the debts and its obligations and losses by his share in the its capital. And transmitted partner's share if he died to his heirs or to who recommend of any share.  the number of partners in this company must be not more than for fifty partner..

The liability of the share holders is limited to the value of the shares they hold.

The Limited Liability Company or “LLC” is a unique form of business that blends the characteristics of corporations, partnerships and sole proprietorships into a simple and flexible business structure that many small business owners prefer.