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What is an LLC?

What is an LLC?

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Gale
 

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LLC means Limited Liability Company. The LLC is a legal entity incorporated in a tax haven which is free from all local taxes, (except small fixed annual fees). As the name implies the LLC provides for limited liability to the members. There is no personal liability and therefore personal assets are protected against law suits, etc. The LLC is like a hybrid business entity with some similarities to both the US Corporation and the Partnership.

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BMICS
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