Review information about a Limited Liability Company (LLC) and the federal tax classification process.

May 1, 2025 · What Is a Limited Liability Company (LLC)? A limited liability company (LLC) is a business structure in the U.S. that protects the assets of its owners from lawsuits and creditors concerned with...

Sep 8, 2025 · Ready to Set up Your LLC? An LLC (limited liability company) is a common business structure for small businesses, entrepreneurs and freelancers. But there are a lot of misconceptions …

What does LLC mean, and is it right for your business? LLC stands for limited liability company, which means its members are not personally liable for the company’s debts. LLCs are taxed on a “pass …

Office of the Secretary of State 213 State Capitol Springfield, IL 62756 115 S. LaSalle St., Suite 300 Chicago, IL 60603 800-252-8980 (toll free in Illinois) 217-785-3000 (outside Illinois)

Nov 22, 2025 · What is a limited liability company? A limited liability company (LLC) is a business structure that protects owners' personal assets from business debts and lawsuits while offering …

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Sep 20, 2019 · According to Legal Zoom, an LLC is a company that boasts flexibility, tax ease and legal protection because it combines some of the best elements of a corporation, sole proprietorship and …

5 days ago · President Donald Trump struck a hard line against his European counterparts in an interview with Politico, blasting leaders as "weak" and claiming their nati...

Jul 11, 2025 · In simple terms, an LLC protects your personal assets from a lawsuit. This business structure is regulated by individual state laws, which vary significantly for every state. Unlike other …