limited liability company


limited liability company
Legal entity that is a special kind of corporation. A limited liability company offers shareholders the limitations on personal liability that are available to stockholders in C or S corporations. At the same time, limited liability companies are taxed very much like partnerships; that is, the income is allocated to the stockholders for tax purposes. Generally, limited liability companies offer owners the same advantages of the more familiar S corporations but have fewer restrictions. American Banker Glossary

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limited liability company UK US noun [C] US LAW
LLC(Cf. ↑LLC)

Financial and business terms. 2012.

Look at other dictionaries:

  • limited liability company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. limited liability company …   Law dictionary

  • Limited Liability Company — (LLC) ist in ihrer Grundform eine US amerikanische Kapitalgesellschaft. Die Gesellschafter können zu einer Qualifizierung als Personengesellschaft optieren. Bei der LLC haftet kein Beteiligter persönlich. Sie ist daher am ehesten als eine… …   Deutsch Wikipedia

  • limited (liability) company — limited ( liability) company limited ( liability) company ➔ company …   Financial and business terms

  • Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation …   Wikipedia

  • Limited liability company — Cet article concerne une forme d entité d entreprise spécifique aux États Unis. Pour les sociétés à responsabilité limitée en France, voir Société à responsabilité limitée. Une limited liability company (LLC) (français : Compagnie à… …   Wikipédia en Français

  • limited liability company — ˌlimited ˈcompany [limited company] (also ˌlimited liaˈbility company) noun (in Britain) a company whose owners only have to pay a limited amount of its debts see also …   Useful english dictionary

  • limited-liability company — noun see limited company * * * limited company or limˈited liabilˈity company noun One whose owners have liability for its debts, etc only according to their financial stake in it • • • Main Entry: ↑limit …   Useful english dictionary

  • limited liability company — (LLC)    A flexible form of business ownership that is becoming the most popular structure for small businesses. Owners of an LLC have limited personal liability (as they would with a corporation) and a choice of how the business will be taxed.… …   Business law dictionary

  • limited liability company — noun A type or form of for profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that… …   Wiktionary

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


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