limited liability company
limited liability company see company

Merriam-Webster’s Dictionary of Law. . 1996.

limited liability company
n.
A business organization, often managed by its members, with limited liability and limited ability to transfer ownership.
abbrv.
L.L.C.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


limited liability company
(LLC)
A business ownership structure that shields its owners' personal assets through the doctrine of limited liability (like a corporation) but has pass-through taxation (like a partnership), where profits (or losses) are passed through to the owners and taxed on their personal income tax returns.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

limited liability company
limited liability company (LLC)
USA
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.
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


limited liability company
A noncorporate business whose owners actively participate in the organization's management and are protected against personal liability for the organization's debts and obligations.

Dictionary from West's Encyclopedia of American Law. 2005.


limited liability company
A noncorporate business whose owners actively participate in the organization's management and are protected against personal liability for the organization's debts and obligations.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • Limited Liability Company — (LLC) ist in ihrer Grundform eine US amerikanische Kapitalgesellschaft. Die Gesellschafter können zu einer Qualifizierung als Personengesellschaft optieren. Bei der LLC haftet kein Beteiligter persönlich. Sie ist daher am ehesten als eine… …   Deutsch Wikipedia

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  • Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation …   Wikipedia

  • Limited liability company — Cet article concerne une forme d entité d entreprise spécifique aux États Unis. Pour les sociétés à responsabilité limitée en France, voir Société à responsabilité limitée. Une limited liability company (LLC) (français : Compagnie à… …   Wikipédia en Français

  • limited liability company — Legal entity that is a special kind of corporation. A limited liability company offers shareholders the limitations on personal liability that are available to stockholders in C or S corporations. At the same time, limited liability companies are …   Financial and business terms

  • limited liability company — ˌlimited ˈcompany [limited company] (also ˌlimited liaˈbility company) noun (in Britain) a company whose owners only have to pay a limited amount of its debts see also …   Useful english dictionary

  • limited-liability company — noun see limited company * * * limited company or limˈited liabilˈity company noun One whose owners have liability for its debts, etc only according to their financial stake in it • • • Main Entry: ↑limit …   Useful english dictionary

  • limited liability company — (LLC)    A flexible form of business ownership that is becoming the most popular structure for small businesses. Owners of an LLC have limited personal liability (as they would with a corporation) and a choice of how the business will be taxed.… …   Business law dictionary

  • limited liability company — noun A type or form of for profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that… …   Wiktionary

  • limited liability company — noun (C) technical a limited company …   Longman dictionary of contemporary English

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