A limited liability company (abbreviated L.L.C. or LLC) in
the law of the vast majority of United
States jurisdictions is a legal form of
business/ company that provides limited liability to its owners. Often
incorrectly called a "limited liability corporation" (instead of
company), it is a hybrid business entity having certain characteristics of both
a corporation and a partnership or sole proprietorship (depending on how many
owners there are). An LLC, al...
Posted by on Sunday, October 11, 2009,
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listed company
A publicly-traded company is a company that has permission to offer its registered securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange, or occasionally a company whose stock is traded over the counter (OTC) via market makers who use non-exchange quotation services.
Advantages of a publicly traded company
It is able to raise funds and capital through the sale of its securities. This is the reason why public corporations are so important: prior to th...