A limited liability company (LLC)is a legal entity like a corporation, but the income is taxed like a sole proprietorship or partnership.

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An LLC is a legal entity that provides limited liability to its owners, but unlike a corporation, it is not taxed as a separate entity. Instead, the income and losses are passed through to the owners and taxed on their personal tax returns. This is similar to how a sole proprietorship or partnership is taxed.

A Limited Liability Company (LLC)is a Legal Entity Like a Corporation