Setting Up Your Own Business:The Limited Liability Company

Paul H Gessaman ( October, 1997 )

Summary

The limited liability company (LLC) is a legal entity separate and distinct from the personal affairs and other business involvements of its owners (called "members"). A LLC has some characteristics similar to those of a limited partnership, some corporation-like characteristics, and still other characteristics unique to the LLC form of business organization.

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Details

Organization

University of Nebraska Extension

Publisher

University of Nebraska

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717

Material Type

Written Material