A limited liability company offers the limited liability of a corporation and the tax treatment of a partnership or proprietorship.

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A limited liability company (LLC) is a type of business structure that combines the limited liability protection of a corporation with the tax benefits of a partnership or sole proprietorship. This means that the owners (known as members) are not personally responsible for the company's debts and liabilities and are only liable for their own investment in the company. Additionally, LLCs are treated as pass-through entities for tax purposes, meaning that the company itself does not pay taxes and instead the profits and losses are passed through to the individual members, who report them on their personal tax returns.

A Limited Liability Company Offers the Limited Liability of a Corporation