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.

The availability of “limited liability” is one of the primary reasons people choose to operate businesses in the form of corporations, limited liability partnerships (LLPs), or limited liability ...

Limited liability companies, like partnerships both general and limited, are fundamentally creatures of contract law. The members agree with each other as to the business to be conducted by the LLC, ...

The very nature of a limited company ensures your business is a separate legal entity from you, the business owner, meaning you’re not wholly liable for its debts and assets. This gives you a degree ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Limited liability is “a basic and fundamental rule of ...