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Glossary of Terms
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Formal funding
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Random Term
Limited Liability Company (LLC)

A business structure in the United States that protects the assets of its owners from any lawsuits and creditors pursuing the company’s business debts. The LLC blends the traits of a corporation with those of a partnership or a sole proprietorship.

For details about LLCs and nonqualified plans, see an article from the firm MullinsTBG.



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