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What Is an LLC?

By Motley Fool Staff – Updated Dec 11, 2024 at 10:50AM

Key Points

  • LLCs shield owners from personal liabilities and avoid double taxation on profits.
  • Forming an LLC requires choosing a unique name, appointing a registered agent, and filing articles of organization.
  • Major corporations like Alphabet and PepsiCo use LLC structures for flexibility in management and taxation.
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