LLCs are popular because, similar to a corporation, owners have limited personal liability for the debts and actions of the LLC. Other features of LLCs are more like a partnership, providing management flexibility and the benefit of pass-through taxation.
www.irs.gov/businesses/small/article/0,,id=98277,00.htm... www.irs.gov/businesses/small/article/0,,id=98277,00.html
The definition of a limited liability corporation is that it is really a limited liability company, whose advantages include pass through taxation (like S corporations), avoiding double taxation, and a greater degree of simplicity of operation than a corporation. ... When forming an LLC, The llc forms may differ,
www.4inc.com/limited-liability-corporation.htm www.4inc.com/limited-liability-corporation.htm
A limited liability company, like a corporation, is a legal entity existing separately from its owners. A limited liability company is created when proper articles of organization (or the equivalent under the laws of a particular state) are filed with the proper state authority, and all fees are paid.
www.4inc.com/llcfaq.htm
Limited liability company - Wikipedia, the free encyclopedia
A limited liability company (abbreviated L.L.C. or LLC ) in the law of the vast majority of United States jurisdictions is a legal form of business company that provides limited liability to its...
en.wikipedia.org/wiki/Limited_liability_company
A limited liability company (LLC): is a type of business ownership combining several features of corporation and partnership structures is not a corporation or a partnership may be called a limited liability corporation, the correct termino...
http://sbinformation.about.com/cs/ownership1/a/LLC.htm
Limited Liability Corporation (LLC) definition for small business glossary. ... Limited Liability Corporation (LLC) ... Common Misspellings: Can be mistaken as limited liability corporation instead of limited liability company (llc).
sbinformation.about.com/cs/ownership1/l/blde_llc.htm
Legal Updates for LLC (Limited Liability Company) ... All LLC (Limited Liability Company) products > ... How to Form a Nonprofit Corporation...
www.nolo.com/legal-encyclopedia/limited-liability-compa... www.nolo.com/legal-encyclopedia/limited-liability-company/
There are three major types of corporations, the C-corporation ("regular corporation"), the S-corporation (or "S-Corp"), and the Limited Liability Corporation (or "LLC"). All of these forms of the corporation are complex legal entities.
www.isquare.com/bizstructure.cfm
The Limited Liability Corporation or LLC is the newest business entity. Wyoming was the first state to approve LLC formation and now all states allow LLC's. (the LLC details for each state are a little different).
www.isquare.com/llc.cfm