Limited Liability companies are a form of corporate ownership that does not include low government regulation.
It is a legal structure where it is easier to obtain investment capital by protecting the private assets of partners and investors, since losses are attributed to the assets of the company itself, being a legal entity and separate from the partners.
Therefore, in an LLC despite the separation of the business assets from the owners' assets, there are a number of government regulations that must be adhered to in order to maintain the business structure.
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