LLC (Limited Liability Company)

An LLC, or Limited Liability Company, is a business entity form most commonly associated with the United States, though similar forms exist elsewhere. It combines limited liability with a relatively flexible governance and ownership structure, and may be treated as fiscally transparent or non-transparent depending on elections and the jurisdictions involved. In international structuring, LLCs are often used because of their operational flexibility, broad familiarity, and in some cases attractive tax treatment. Their actual benefits depend on where they are formed, how they are managed, and how they are classified in the owner’s country of residence.