What does LLC in a business stand for?

Answer 1

LLC means Limited Liability Company

Answer 2

Limited Liability Company / Corporation...


Defined as (according to Wiki):
A limited liability company (denoted by L.L.C. or LLC) in the law of many of the United States is a legal form of business company offering limited liability to its owners. It is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller companies with a limited number of owners. Unlike a regular corporation, a limited liability company with one member may be treated as a disregarded entity, so the member is often singled-out as a person performing the actions of the LLC. A limited liability company with multiple members may choose, generally at the time that the new entity applies for a US federal taxpayer ID number, to be treated for U.S. federal taxation purposes as a partnership, as a C corporation, or as an S corporation. An LLC can elect to be either "member managed" or "manager managed."

Answer 3

Limited Liability Company

Answer 4

Limited Liability Company: Meaning the owners of the company will lose only what they have invested in the company if it goes bankrupt.
It protect investors from losing everything they have if the company goes bankrupt since they are only liable for the amount they have invested in the company.