BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A limited liability company (LLC) is a corporate structure that protects its investors from personal responsibility for its debts or liabilities. A limited partnership is when two or more partners go into business together, with the limited partners only liable up to the amount of their investment.

Detailed explanation-2: -A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

Detailed explanation-3: -An LLC is a hybrid between a partnership and a corporation. Members of an LLC have operational flexibility and income benefits similar to a partnership but also have limited liability exposure.

Detailed explanation-4: -Corporation: A corporation is totally separate from its owners (shareholders), so they have limited liability unless they have management duties within the company. Limited liability company (LLC): LLC owners (called members) are not usually liable for the company’s debts, obligations, or liabilities.

Detailed explanation-5: -Definition. An important characteristic of corporations and other business organizations like the Limited  Liability Company (LLC), is that investor liability is limited to the extent of their investment.