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What is an LLC and why was it formed?

April 26, 2017formed LLC

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What is an LLC and why was it formed?

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An LLC is a limited liability company, a legally recognized business organizational form that can operate specific projects. In its request for proposals, DOE expressed a desire for a separate, sole-purpose entity. The University of Chicago responded to this opportunity by creating UChicago Argonne, LLC, a separate organization solely dedicated to the management and operation Argonne.