Investopedia / Michela Buttignol A limited liability company (LLC) is a type of business structure that protects its owners from personal risk while offering the flexibility of a small business ...

For example, in Pennsylvania, your LLC might be eligible for tax advantages, such as the Resource Enhancement and Protection ...

Limited liability companies ... holding multiple properties inside of just one LLC subjects all of the properties to vicarious cross-liability. For example, if a problem happens with one LLC ...

A Limited Liability Company (LLC) is one of the most popular ways to legally structure your small business. There's a good reason for that — forming your business as an LLC helps protect your ...

For example, Karim invested £15,000 when setting up a plumbing business and he owns 100% of the shares. If the business went £50,000 into debt, limited liability would mean that Karim would only ...

for example). In general, you'll need to have certain words in the name that make it clear your business is an LLC, such as "Limited Liability Company," "LLC," or "L.L.C." Many states will also ...

The main difference between unlimited and limited liability is the level of risk that a business owner is willing to take. Having unlimited liability is a bigger risk for any business owner than ...

For example, if you get in a car accident ... part of your name indicating your business type — “limited liability company,” “LLC,” “LC” or another variation, depending on what ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like ...