Entity and corporate filings
LLC
A business entity that blends pass-through taxation with limited owner liability and light formalities. Regulators vet its members as control persons.
A limited liability company, or LLC, is a business structure that shields owners' personal assets while allowing flexible management and pass-through taxation. It is a common choice for licensed businesses.
The entity type does not set your license requirements; your activity does. What the LLC changes is who you list as members or managers and how ownership and control persons appear on the application.
Related terms
Where this comes up
LLC is one piece of getting and keeping a business licensed. We handle the filings, bonds, and renewals that surround it across every state where you operate.