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For example, Anheuser-Busch, Blockbuster and Westinghouse are all organized as limited liability companies.
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
For example, Anheuser-Busch, Blockbuster and Westinghouse are all organized as limited liability companies.
Characteristics of limited liability company include separate legal existence, limited liability, flexibility in taxation, and simplicity in operation.
Characteristics of limited liability company include separate legal existence, limited liability, flexibility in taxation, and simplicity in operation.

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A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business.
The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business.

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