A limited liability company limits the personal liability of its members.

Question

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A limited liability company (LLC) is a legal structure that allows its members to have limited personal liability for the business's debts, liabilities, and obligations. This means that the members' personal assets are not at risk if the LLC faces lawsuits or other financial obligations. Instead, the members are only liable for the amount they have invested in the company.

A Limited Liability Company Limits the Personal Liability of Its