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Limited liability company (LLC)

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A Limited liability company (LLC)(abbreviated L.L.C. or LLC) in the law of the vast majority of the states of the United States is a legal form of business company offering limited liability to its owners.

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This term or phrase is currently an entry in The SmallBusiness.com Business Glossary WIKI. Please help expand this entry into a more detailed description.

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This entry includes content from the following Wikipedia article: Limited liability company