# LLC |  | A limited liability company (**LLC**) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states, businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). | |-|-| | | wikipedia:: [Limited liability company](https://en.wikipedia.org/wiki/Limited_liability_company) | [[Limited liability]] ## Sources - [How to Start an LLC - Starting Your LLC is Easy | TRUiC](https://howtostartanllc.com/) - [LLC Missouri - How to Start an LLC in Missouri | TRUiC](https://howtostartanllc.com/missouri-llc) - [What is an LLC - Limited Liability Company | TRUiC](https://howtostartanllc.com/what-is-an-llc) - [When And Why You Should Form An LLC](https://www.moneyunder30.com/should-you-form-an-llc) - [Why You Should Form an LLC | legalzoom.com](https://www.legalzoom.com/articles/why-you-should-form-an-llc)