Llc Uncommon

Definition, synonyms and related words

Definitions

Noun

Limited liability company.

"The business owners decided to form an LLC to protect their personal assets from any lawsuits against the company."

In plain English: An LLC is a type of business structure that protects its owners from being personally responsible for company debts and lawsuits.

"The new bakery is registered as an LLC to protect its owners from personal liability."

Example Sentences

"The new bakery is registered as an LLC to protect its owners from personal liability." noun

"Many small businesses choose to organize their company as an llc to limit personal liability." noun

"The new restaurant is owned by a local family through their family llc." noun

"Before signing the contract, I asked my lawyer if our project required an llc structure." noun