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|
|Material Type||Written Material|