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What are Limited Liability Companies – LLCs ?

April 26, 2017limited liability companies LLCs

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What are Limited Liability Companies – LLCs ?

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The Limited Liability Company is a special form of offshore company generally used in Partnership. Instead of Directors and Shareholders as in Corporation, it has Managers and Members. The Members are basically partners in the LLC and may either jointly manage the LLC to appoint a Manager from within or outside of the LLC. The LLC has special asset protection features which makes it very popular.