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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.
Organization | University of Nebraska Extension |
Publisher | University of Nebraska |
Publication Date | October, 1997 |
Publication Views | 714 |
Material Type | Written Material |