Limited Liability Company

Property	Value
A technical identifier, unique in a certain context. Technical key	LF140
Language-specific name. Monolingual name	Limited Liability Company (en)
Language-specific short name. Monolingual short name	LLC (en)
Informal and comprehensive human-readable definition of a concept. Description	A legal entity that combines the limited liability protection of a corporation with the flexibility of management and tax benefits of a partnership. LLCs provide personal liability protection to their owners (members) while allowing for pass-through taxation. They are commonly used for small businesses and startups.