Limited Liability Company

LLC. A Type of company, authorized only in certain states, whose owners and managers receive the limited Liability and (usually) Tax benefits of an S Corporation without having to conform to the S Corporation restrictions.

Related Terms: 10 Authorize, Benefit, ITS, Liability, Manager, Own, Ratio, S Corporation, Tax, Type

Other Related Pages: Category: Taxes Starting With: L

Additional Related Terms: Allowance for depreciation, Asset/equity ratio, Accrual of discount, After-tax basis, American Municipal Bond Assurance Corporation, Amortization of premium, At par, All or any part, At best, At call