What is the full form of "LLC"?

A. Long Term Liability Company

B. Life Long Corporation

C. Limited Liability Company

D. Liqudity Limited Chamber

Answer: Option C

Solution(By Examveda Team)

A limited liability company (LLC) is a business structure for private companies in the United States, one that combines aspects of partnerships and corporations. Limited liability companies benefit from the flexibility and flow-through taxation of partnerships and sole proprietorships, while maintaining the limited liability status of corporations.