Discussing the difference between a sole proprietorship and an LLC brings us to the sharp outlook on what limited liability company actually entails. A limited liability company is the United States-specific form of a private limited company. It can be referred to as a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. It is however not a corporation under state law but a legal form of a company that provides limited liability to its owners in many jurisdictions. There is no doubt about the fact that it is

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