What is LLC?
Limited liability company: a flexible entity widely used in real estate that can combine limited liability, pass-through taxation, and customized operating-agreement economics. Often used as a single-purpose entity to own one property.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.