A Limited Liability Company (LLC) is a hybrid business structure that combines the of a corporation with the tax flexibility of a partnership . In this structure, owners (called members ) are generally not held personally liable for the company's debts or legal actions. Step-by-Step Formation Guide Limited liability company (LLC) | Internal Revenue Service
A Limited Liability Company (LLC) is a hybrid business structure that combines the of a corporation with the tax flexibility of a partnership . In this structure, owners (called members ) are generally not held personally liable for the company's debts or legal actions. Step-by-Step Formation Guide Limited liability company (LLC) | Internal Revenue Service