Liability Limited company
Law
ScanSolve AI Answer
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. This means the owners' personal assets are protected from business debts and lawsuits.
Was this helpful?
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
Got a different question?Ask your own question