Limited liability companies (LLCs) refer to legal entities with a corporate structure, whose members (shareholders) cannot be personally liable for the debts or obligations of the company, which means that only the assets of the business itself are at risk. For this reason, this type of company is considered “limited”, while the combination of features of a corporation and partnership, since the feature of limited liability is similar to that of a corporation, and the presence of pass-through taxation for participants is a feature of a partnership. LLC as a viable option when a person wants to set up a trading company or small business locally or internationally within certain limits. http://www.confiduss.com/en/info/blog/ar...jsc-comparison/
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