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October 23, 2014

Homework Help: business

Posted by Rohan on Monday, April 23, 2007 at 5:44pm.

What is meaning of LLC & Entity.



A business entity is the way the business is set up to run. It can be a partnership, sole proprietorship, corporation, LLC...these are all entities.

A LLC stands for "Limited Liability Corporation." For more information, look here:

http://en.wikipedia.org/wiki/Limited_liability_company

Matt

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