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1. Limited Liability Company LLC. A Limited Liability Company is a company where the investor's liability is limited to the amount he/she has invested in the company. See also: Limited Liability Partnership
2. Limited Liability Partnership LLP. Another name for a Limited Liability Company. A from of partnership often used by professional associations. As in an LLC, the partner or investor's liability is limited to the amount he/she has … See also: Limited Liability Company 0.3 KB
 
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