*by ‘country’* –>
“limited liability company”
(united states)
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*”public limited company” (PLC)*
(great britain)
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*a ‘limited liability company’ (LLC) is the ‘united states-specific’ form of a ‘private limited company’*
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(it is a ‘business structure’ that combines the ‘pass-through taxation’ of a ‘partnership’ or ‘sole proprietorship’ with the ‘limited liability’ of a ‘corporation’)
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(an ‘LLC’ is not a ‘corporation’; it is a legal form of a ‘company’ that provides ‘limited liability’ to its ‘owners’ in many ‘jurisdictions’)
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(‘LLCs’ do not need to be organized ‘for profit’)
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(in certain ‘US states’ (for example, ‘texas’), ‘businesses’ that provide ‘professional services’ requiring a ‘state professional license’, such as ‘legal’ or ‘medical’ services, may not be allowed to form an ‘LLC’ but may be required to form a very similar entity called a ‘professional limited liability company’ (or ‘PLLC’))
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*SKETCHES*
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