Monita Singh, physician, certification from American Board of Internal Medicine (ABIM). Jump to start of content Having ABIM Physician Portal Sign In Problems?...
LLC Stands for Limited Liability Company. The LLC is a creature of state laws. In 1977, Wyoming was the first state to enact a law that gave birth to a limited liability company. Since then, every state in the United States has passed a set of laws which allow for a legal entity called a limited liability company to be created under the law.
What Does Incorporated Mean in Business? A limited liability company, or LLC, is a type of business structure where the owners or partners -- called members -- have only a limited liability for the debts and liabilities of the company. An LLC is generally formed by filing a document, called the Articles of Organization, with your state's tax office or Secretary of State.