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Updated over 9 years ago on . Most recent reply

Rene Franco Godina's profile image
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Rene Franco Godina
  • from Pasco, Washington
  • Member since Jan 14, 2015
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Rene Franco Godina's profile image
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Rene Franco Godina
  • from Pasco, Washington
  • Member since Jan 14, 2015
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Rene Franco Godina
  • Pasco, WA
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Real Estate Agent

LLC explain please

Rene Franco Godina
  • Pasco, WA
Posted

Can someone once explain (on simple terms) what an Limited Liability Company really is please...

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Matt Motil
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Sep 1, 2015
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Matt Motil
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  • from Cleveland, OH
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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Replied
Originally posted by @Rene Franco Godina:

Can someone once explain (on simple terms) what an Limited Liability Company really is please...

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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