Apr 07 , 2016

Tampa School of Real Estate

Limited Liability Company (llc)

Definition:   an alternative, hybrid business entity with the combined characteristics and benefits of both limited partnerships and S corporations.

Pronunciation:    \ˈli-mə-təd\ \ˌlī-ə-ˈbi-lə-tē\ \ˈkəmp-nē, ˈkəm-pə-\

Used in a Sentence:   We decided to form a limited liability company to start our business.

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