Limited liability companies (LLCs) are business entities ... LLCs are formed at a state level by filing certificates or articles of organization with a secretary of state or state business division.

If the company fails, the investors in a limited company are protected by the rules of limited liability. Limited companies must be registered with the Registrar of Companies. close Registrar of ...

For example, while S corporations can issue only one class of the company stock, LLCs can offer several different classes with different rights. In addition, S corporations are limited to a ...