Like a corporation, a limited liability company is a separate entity with a legal existence apart from its individual owners.

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A limited liability company (LLC) is a legal entity that is separate from its owners. This means that the LLC can enter into contracts, own property, and sue or be sued in its own name, independent of its owners. This distinction is important because it provides the owners with limited liability protection, meaning that their personal assets are usually not at risk if the company incurs debts or legal liabilities.

Like a Corporation, a Limited Liability Company Is a Separate