LLCs: Limitless Potential of Limited Liability

Like the water a fish swims in without recognizing it, LLCs are everywhere. Not just the limited liability companies themselves; the letters are part of the background of everyday commerce. The abbreviation appears in business names so often that it becomes invisible.

Similar suffixes suffuse signage, saturating scenery with “Inc.,” “Corp.,” and “Co.” Yet these short forms are descriptive and understandable, whereas “LLC” is opaque and technical, often irrelevant and left unmentioned.

“It is typical to omit ‘LLC’ from a company name in casual conversations, social media, and marketing materials,” says Sarah Gillstrom, a partner at the law firm of Davis Wright Tremaine. “However, the full company name should be used, including the LLC designation, in legal documents, banking documents, and tax documents.”…

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