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.
Best Answer: Corp is short for Corporation which is what you call a company that has been incorporated. Incorporated means that the company is a legal entity in its own right, so the corporation can be sued but not the shareholders.LLC is short for limited liability corporation.ating Newest Oldest. Best Answer: Corp is short for Corporation which is what you call a company that has been incorporated. Incorporated means that the company is a legal entity in its own right, so the corporation can be sued but not the shareholders. LLC is short for limited liability corporation.