Concept
Version 8
Created by Boundless
Types of Ownership
![Limited Liability Company (LLC)](../../../../../../../../../figures.boundless-cdn.com/16287/full/sless-page1-641px-llc.tiff.jpg)
Limited Liability Company (LLC)
A situation in which the liability of the owners of a business is limited to the full, paid-up value of the share capital. In the United States and some other countries, a limited company is known as either a corporation or a limited liability company.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"File:LLC.tiff - Wikimedia Foundation."
http://wikimediafoundation.org/wiki/File:LLC.tiff
Wikimedia Foundation
CC BY-SA.