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LegalHelper.NET, the owner of this site, is not affiliated and does not claim to be affiliate with either
Legal Helpers, P.C. or the site legalhelpers.com
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Limited Liability Company (LLC). Because of its similarities to the corporate structure, the Limited Liability Company (LLC) is often
considered by the general public to be a type of corporation. Legally, however, the LLC is not at
all considered to be a corporation. In fact, most states have enacted a completely separate and
distinct set of statutes specifically regulating the LLC form of business structure.
The LLC is actually a hybrid between a Partnership and a Corporation. The most significant
feature of the LLC is that it provides many of the features of the corporation while requiring fewer
formalities.
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Return to all incorporate, llc facts
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