Limited Liability Company (LLC) | Practical Law

https://content.next.westlaw.com/practical-law/document/I1559f742eef211e28578f7ccc38dcbee/Limited-Liability-Company-LLC?viewType=FullText&transitionType=Default&contextData=(sc.Default) Limited Liability Company (LLC)

Limited Liability Company (LLC)

Practical Law Glossary Item 6-382-3582 (Approx. 2 pages)

Glossary

Limited Liability Company (LLC)

A form of business entity created by state statute that permits the pass-through federal tax treatment of a partnership and the liability protections of a corporation.