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strojnjashka [21]
3 years ago
15

What is one benefit of a limited liability company over a corporation?

History
2 answers:
Aleksandr-060686 [28]3 years ago
8 0

Answer:

A limited liability company is subject to fewer regulations.

Explanation:

sergiy2304 [10]3 years ago
7 0
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
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