Meaning of the word llc in English
What does llc mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
llc
US /ˌel.elˈsiː/
UK /ˌel.elˈsiː/
Abbreviation
Limited Liability Company: a type of business structure in the US that protects its owners from personal responsibility for its debts or liabilities
Example:
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We decided to form an LLC for our new startup.
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As an LLC, the owners' personal assets are protected from business debts.