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limited liability company

What is a limited liability company other than a limited liability company?

Generally speaking, an LLC is a pass-through or tax-transparent entity. This means that the LLC is not taxed directly. Instead, the tax liabilities of the business are "passed through" to the owners (members) of the LLC, which they close through their personal tax returns.I opened wisconsin llc for this reason, too. It's very convenient, no unnecessary hassle with the IRS and stuff

A business company founded by one or more legal entities and/or individuals, the authorized capital of which is divided into shares;