LLC

American  

[el-el-see] / ˈɛlˈɛlˈsi /

abbreviation

1. limited liability company: any registered business in the United States whose individual owners do not have personal legal responsibility to cover the business’s debts unless they have agreed to do so, such as by cosigning a business loan as an individual.

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Etymology

Origin of LLC

First recorded in 1975–80

Example Sentences

Property records reveal that the home, which is situated in Miami Beach on a human-made island, was snapped up by Hibiscus East LLC for $46 million.

From MarketWatch

The LLC belongs to lawyer Patrick Collins, who has been linked to Karp in previous real estate transactions.

From MarketWatch

Backers of the company include Swedish private-equity firms EQT Ventures and SEB Private Equity, U.S. pension fund CalPERS, boat manufacturer Beneteau and marine transport investor Ocean Zero LLC.

From The Wall Street Journal

A trademark filing tied to Beast Holdings LLC and Donaldson references potential financial services including banking, investing and cryptocurrency — suggesting the app could expand well beyond its current focus on helping young users open their first accounts.

From MarketWatch

Records show that the mansion was purchased via an LLC registered in Reno, which lists attorney Michael Rafferty as one of its officers—a man who has been tied to a number of Brin’s previous property purchases.

From MarketWatch