Limited Liability Company

The American version of a "limited company". This is a business structure which prevents members of a company being personally responsible for the liabilities of the company. This legal protection frees people up so they can attempt to create things without risking losing their house and the literal shirt off their back.

Startups often register their LLC in the state of Delaware, to form a Delaware LLC, as it gives a favorable structure.

See Limited Company.

← Limited Company Long Tail → ↑ Glossary

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