A Limited Liability Company (LLC) is a type of business organization that is very similar to a partnership, but is usually formed for one particular event or purpose, instead of an ongoing concern.
An LLC is a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to your personal income tax return. An LLC is a hybrid type of business structure where the owners of the LLC are called “members,” and all enjoy the advantages that an LLC has to offer.
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
To learn more about LLC,
https://brainly.com/question/18567855
#SPJ4
