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The limited liability company, better known as the LLC, is really a unique business entity choice. You'll find it very new to the United states. Wyoming "imported" it from Europe in the late 1970s. It didn't catch on in one other states until an IRS ruling on the late 1980s determined peradventure taxed as being a partnership in some ways. This appeared to do good option for small merchants. Over the next 20 years, the LLC has slowly become an accepted business entity choice and law already been develope