Business Strategies : Definition of a Limited Liability Company

The definition of a limited liability company, known as an LLC, is a group of individuals who apply to be on their own, not pay tax and divide losses or profits equally among the partners. Understand how an LLC works with information from a portfolio manager in this free video on business strategies.

Expert: Roger Groh
Bio: Roger Groh is a personal asset manager, and the head of Groh Asset LLC.
Filmmaker: Bing Hu