A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.
A limited company (also known as a ‘limited liability company’, LLC, or ‘company’) is a type of business structure where the company has a legal identity of its own, separate from its owners. When a company is considered a separate entity, it protects you as the owner in the case of legal issues.
A limited liability company (LLC) is a legal entity used to own, operate and protect a business. Here's everything you need to know about LLCs.
How to set up a limited company, appoint directors and shareholders or guarantors, and register for tax.
When choosing a structure for your business, you’ll come across the terms ‘private limited company’ (Ltd), ‘public limited company’ (Plc), ‘limited liability partnership’ (LLP) and perhaps even ‘limited liability company’ (LLC). What do these terms mean, and what are the key differences between these types of business?
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.
Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or limited liability company (LLC). In other...
Creating a limited company has notable benefits, including limited liability protection and a professional image. However, it also brings additional administrative burdens, disclosure requirements, and higher costs. Before deciding, carefully consider your business’ specific needs and goals.
Under the law of England and Wales, there is actually no such thing as a limited liability company (or an LLC). However, many people use LLC interchangeably to refer to a private company limited by shares. This is the most common type of limited liability business in England and Wales.