The U.S.-specific form of a private limited company, a Limited Liability Company (LLC) is, technically, a hybrid legal entity, that has specific characteristics of a corporation as well as a partnership or proprietorship. The trait that an LLC shares with a corporation are limited liability and the ones it shares with a partnership or sole proprietorship is the possibility of ‘revenue flow-through, i.e., the cash inflow of an LLC can be considered as the income of the owner. Known to be most suitable for companies with single owners, LLCs are usually considered more flexible than corporations. Read More

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