{"id":4843,"date":"2016-04-04T10:47:45","date_gmt":"2016-04-04T15:47:45","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/incorporation-and-legal-structures\/llcs.html"},"modified":"2025-10-26T14:35:00","modified_gmt":"2025-10-26T19:35:00","slug":"llcs","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/incorporation-and-legal-structures\/llcs.html","title":{"rendered":"LLC Business Law"},"content":{"rendered":"\n
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LLC Business Law<\/h1>\n\n
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\n By Jade Yeban, Esq.<\/a> | Legally reviewed by Catherine Hodder, Esq.<\/a>\n | Last updated\n
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Editorial Note: We earn a commission from affiliate partner links on FindLaw. Commissions do not affect the editorial integrity of our legal content.<\/p>\n\n <\/div>\n \n

\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n\n\n

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A limited liability company<\/span> (LLC) is a business structure<\/span> that offers the members of an LLC<\/span> personal <\/span>liability<\/span> protection<\/span> and flexible federal <\/span>income tax<\/span> filing.<\/p>\n\n <\/div>\n\n\n\n

An LLC, or limited liability company<\/span>, is a popular type of <\/span>business<\/span> entity<\/span>. Many small <\/span>business<\/span> owners<\/span> choose this type of <\/span>business<\/span> structure<\/span>. An LLC is a business structure<\/span> that has similar features to both corporations and partnerships.\u00a0<\/p>\n

One of the main reasons business owners<\/span> like LLCs is because of the liability protection<\/span> they offer. This means that the personal assets<\/span> of LLC<\/a> owners, often called \u201cmembers,” are usually safe if the business runs into debt or legal troubles. It\u2019s different from a sole proprietor<\/span>, where the owner has unlimited liability<\/span> for the business\u2019s debts.<\/p>\n

This section includes an overview of limited liability companies<\/span>, a comparison between LLCs and corporations, tax information, and resources to help you craft an LLC<\/span><\/a> operating agreement<\/span> and file your articles of organization<\/span> and more.<\/p>\n

Ready to form your LLC with confidence? Our trusted partner LegalZoom has packages starting at $0 + filing fees.<\/a><\/i><\/b><\/p>\n

What Is a Limited Liability Company<\/span> (LLC)?<\/h2>\n

An LLC<\/a>, or Limited Liability Company<\/span>, is a type of <\/span>business<\/span> entity<\/span>. It combines elements of sole proprietorships<\/span> and corporations. It offers a unique blend of flexibility and protection for its owners. These owners are often referred to as members. Here are the key features of an LLC:<\/p>\n