A Limited Liability Company and limited liability company incorporation or a company with limited liability is a flexible form of business enterprise that blends elements of partnership and corporate structures. It is a legal form of business company, which provides limited liability to its owners. An LLC, although a business entity, is a kind of unincorporated association and is not a corporation. The primary characteristic shares with a corporation are limited liability and primary characteristic it shares with a corporation is limited liability. It is sometimes more flexible than a corporation and it is well-suited for companies with a single owner.
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