What Is an LLC? Limited Liability Company Definition - LegalZoom What is a limited liability company? A limited liability company is a business designation that limits the personal responsibility of its owners for their company's debts and liabilities while also allowing them to avoid the double taxation often associated with corporations
What Is a Limited Liability Company (LLC)? - Nolo What Is an LLC? An LLC is a type of business entity that can have one or more owners, referred to as "members " LLC members typically participate equally in the management of the business unless they elect an alternative management structure called " manager management "
What Is an LLC? FAQs and Guide - The Law Dictionary LLC stands for Limited Liability Company This business structure combines elements of corporations and partnerships, offering owners (called members) protection from personal liability for business debts and claims When you form an LLC, you’re creating a separate legal entity for your business The “limited liability” part is key
What Is An LLC - Limited Liability Company (LLC) | TRUiC Forming your business as a limited liability company (LLC) helps: Protect you against lawsuits Reduce paperwork compared to corporations and other legal entity types Prevent your company from being taxed twice Make your business appear more credible to customers and creditors
Register an LLC with Georgia Secretary of State Register an LLC with Georgia Secretary of State? Do your research to be sure an LLC is the right structure for your business entity Determine if you are a foreign or domestic business entity A domestic entity is one that is being created for the first time in Georgia