A Limited Liability Company is a particular form of business formed to give limited liability to the owners of the company, while allowing them to enjoy the other benefits of having a corporation. A Limited Liability Company must abide by some, but not all, of the corporate formalities that a C Corporation must abide by. For example, an LLC can hold fewer meetings and have less formal record keeping than a C Corporation. Before forming a limited liability company it is wise to consult with an experienced attorney who knows the particular limited liability company statute in your state and can assist you in observing the required formalities and filing requirements to ensure that your company is properly filed and properly managed.

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