hello friends,
often incorrectly we called a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions.
company with multiple members that elects to be taxed as partnership may specially allocate the members distributive share of income,
gain, loss, deduction, or credit via the company operating agreement on a basis.
Companies with limited liability exist in business law worldwide. However, the limited liability company is a specific legal structure defined by the laws of U.S. states, with quite distinct characteristics. Many other countries have similar structures.


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