What Does 'llc' Mean?
Answer:
The word 'llc' is simply an abbreviated form of the term 'limited liability company' which is mostly used in the business arena. The meaning the permanent status conveys is that of a kind of company in which the shareholders of the company have almost no stake within the debt of the company and even if sometimes they have to pay it is still very small amount.
But the above mentioned word is not repeatedly used and the most common term that we hear in our day-to-day enthusiasm is 'limited company' which has the same meaning but a shorter form.
The word have origin in the word limit which conveys the purpose of restricting something. As in the abovementioned term, there is a concept of restricting something so is the word.
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