A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...

Breaking up parts of a limited liability company, or any company, into separate "divisions" or "departments" might make accounting, management or other company operations easier. One division of a ...

Limited liability company owners, or members, set up single- or multi- member LLCs to reap benefits enjoyed by other business entities such as limited liability protection. LLC members must endorse ...

Prableen Bajpai is the founder of FinFix and Analytics Private Limited. She has 10+ years of experience as a finance, cryptocurrency, and trading strategy expert. Dr. JeFreda R. Brown is a financial ...

Opinions expressed by Entrepreneur contributors are their own. When choosing a small business structure, many owners go for a limited liability company (LLC) because of the protection from liabilities ...

Rachel Williams has been an editor for nearly two decades. She has spent the last five years working on small business content to help entrepreneurs start and grow their businesses. She’s well-versed ...

A limited liability company (LLC) separates a company from its owners. This protects the owners’ personal assets if the business loses money or gets sued. Many, or all, of the products featured on ...