Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Limited Liability Company (LLC)

Updated on 2023-08-29T11:57:37.645010Z

A Limited Liability Company (LLC) is the United States specific form of a private limited company providing a limited liability to the owners in several jurisdictions to the extent of capital invested. Such companies are recognized for the flexibility that they offer to business holders and on the basis of situation, an LLC might choose to utilize corporate tax rules as an alternative of being treated as a partnership.