Limited Liability Company Center
Frequently Asked Questions
Question: What does "LLC" stand for?
The letters "LLC" stand for the words limited liability company. Some people mistakenly believe that the letters LLC can also mean limited liability corporation but an LLC is not a corporation. All of the LLC statutes in the United States refer to the entity only as a limited liability company.
This website is provided by David K. Staub, an Illinois business attorney and frequent writer and speaker on limited liability companies. The site is for educational and informational purposes only and does not constitute legal advice. The information which is presented here is intended to make limited liability companies easier to understand, but weighing the tax, liability and operations issues requires a thorough understanding of the applicable law and cases. Anyone contemplating forming a limited liability company is urged to obtain proper legal advice.