Limited Liability Company - LLC

A corporate structure whereby the shareholders of the company have a limited liability to the company's actions.

Basically, an LLC is a hybrid between a partnership and a corporation.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • limited liability company — noun (C) technical a limited company …   Longman dictionary of contemporary English

  • limited liability company — /ˌlɪmɪtɪd laɪə bɪlɪti ˌkʌmp(ə)ni/ noun same as limited company …   Dictionary of banking and finance

  • Limited Liability Company — n. business or company organized in such a manner that its owners and shareholders are not personally liable for debts or other business liabilities (such as damages from lawsuits) …   English contemporary dictionary

  • limited liability company — ➡ companies * * * …   Universalium

  • limited liability company — (U.K.) Fin = corporation …   The ultimate business dictionary

  • Uniform Limited Liability Company Act — The Uniform Limited Liability Company Act (ULLCA), often mistakenly referred to as the LL corporation . The ULLCA includes its 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute),… …   Wikipedia

  • Delaware Limited Liability Company Act — USA Delaware statute governing limited liability companies (limited liability company). It provides, among other things, laws relating to the formation, management and governance of limited liability companies. Practical Law Dictionary. Glossary… …   Law dictionary

  • low-profit limited liability company — (L3C) A company organized to perform services or engage in activities that benefit the public. Unlike a nonprofit, an L3C is operated like a regular profit making business and is allowed to make a profit as a secondary goal. A small but growing… …   Law dictionary

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