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A Limited Liability Company (LLC) is a type of business structure that combines features of both a corporation and a partnership (or sole proprietorship, in the case of a single-member LLC). Here's how an LLC works:
It's important to note that while LLCs provide many benefits, the specific rules and regulations governing them can vary from state to state. Therefore, it's essential to understand your state's requirements and consult with legal and financial professionals when forming and operating an LLC to ensure compliance with all applicable laws and regulations.
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