... governing council are the actual owners of the company. LLC stands for limited liability company.

Generally speaking, the best form of entity for most small businesses and property owners is the Limited Liability Company (LLC). The LLC sublayer acts as an interface between the … According to the IRS, LLC owners face significantly lower caps on company actions and debts. Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity. An LLC provides some distinct advantages to an entrepreneur or business owner, including liability protection, tax advantages and easier administration than some other types of entities. What Does PLLC Mean in Lawyer Terms?. This means that an LLC can obtain a tax identification number, open a bank account and do business, all under its own name. A Definition.

What Does LLC Mean? Find out what it means to set up an LLC, and why an LLC may be the best choice for your business. LLC stands for “Limited Liability Company,” and it’s one of several different types of business you can create in the United States.


What Does LLC Mean? or LLC in the US, and LTD in the UK) is a legal form of business company in the United States offering limited liability to its owners. The LLC is a relatively recent creation in the grand scheme. LLC is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary A limited liability company, or LLC, is a type of business structure where the owners or partners -- called members -- have only a limited liability for the debts and liabilities of the company.

An LLC is generally formed by filing a document, called the Articles of Organization, with your state's tax office or Secretary of State.

When used in business, the term LLC means the owner has limited financial and legal liability for that business entity. What Does LLC Mean? In the IEEE 802 reference model of computer networking, the logical link control (LLC) data communication protocol layer is the upper sublayer of the data link layer (layer 2) of the seven-layer OSI model.

In an LLC, any entity can be an owner, including individuals, corporations, partnerships or trusts. A limited liability company (denoted by L.L.C. Small Business Limited Liability Company (LLC) LLC is short for Limited Liability Company. What does LLC mean? LLC stands for Limited Liability Company. The abbreviation "PLLC" in the name of a law firm, or any other business, stands for "professional limited liability company." What does LLC mean in business? Looking for online definition of LLC or what LLC stands for? A limited liability company, or LLC, is a popular operating structure for small business owners. Information and translations of LLC in the most comprehensive dictionary definitions resource on the web.

Although first available in the late 1970s, it was decades later that most states adopted them.