What is LLC Full Form? LLC full form is Limited Liability Company. This business structure is specific to the United States. An LLC can be defined as a hybrid business structure combining the pass-through taxation benefits of a partnership or sole proprietorship with the limited liability protection that is generally associated with corporations. LLC Full Form - State law permits the use of the Limited Liability Company ( LLC ) as a corporate form . Know more details like formation of LLC , advantages of LLC , disadvantages of LLC etc. What is a Limited Liability Company ( LLC )? Meaning, Types and Limitations. Learn about Limited Liability Company ( LLC ) - its meaning, types, examples, advantages, disadvantages, and limitations for businesses and entrepreneurs. Importance The full form of LLC , which stands for Limited Liability Company, is a significant finance term as it refers to a business structure that combines the features of a corporation and a partnership.