A limited liability company, or LLC, is a business entity that provides limited liability protection to its owners. LLCs are popular among small businesses because they offer the flexibility of a sole proprietorship or partnership with the added benefit of limited personal liability for the owners. In other words, LLC owners are not personally responsible for debts and liabilities incurred by the business. This type of business structure is created by filing articles of organization with the secretary of state in the state where the LLC will do business.
Menu
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
© 2022 All Rights Reserved