Limited Liability Company
Type: noun
Pronunciation: /lim-e-ted-lie-ah-bill-e-tee-komp-ah-nee/
Also spelled or known as: LLC
Plural: Limited Liability Companies
What does Limited Liability Company mean? A business structure that limits personal liability for its owners.
In music, artists, labels, publishers, managers, and production companies may form Limited Liability Companies aka LLCs to operate professionally and separate business finances.
Limited Liability Company synonyms: Limited Liability Company, Business Entity, Company
Example sentence: “The producer formed a Limited Liability Company for his publishing income.”
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