PrivCo Logo

Limited Liability Company

A limited liability company (LLC) is a form of corporate structure and ownership for a private company in which the private company's shareholders are protected from liability (as with a corporation or an "Inc.") but is taxes like a partnership (also known as "pass through" taxation) where the private company doesn't pay income taxes directly. At the end of each tax year, the LLC send its shareholders a form showing the shareholder's share of the private company and the shareholder’s share of the LLC's profits, losses and equity balance.

Previous Term

Next Term

Lifestyle CompanyLimited Liability Partnership
PrivCo Logo

© 2023 PrivCo Media, LLC


HomeSign inContactPricing