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LLC is an abbreviation for Limited Liability Company, which describes one way in which a business owner can choose to register his or her organization. The specific rules that govern the founding and maintenance of an LLC vary from state to state, but in general an LLC is a company that exists for the duration of a partnership between two or more businesspeople, whereas a full corporation is an independent entity that can have a rotating leadership. Although an LLC is not as permanent as a corporation, it can help simplify the process of doing business, and can offer some financial protection to the partners involved. An LLC is relatively simple to set up, and in most states requires much less legal paperwork and registration fees than the founding of an S or C type corporation.
In some cases, a single perso
Author Bio:Stephanie Hetu
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