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What does LLC mean? Limited Liability Company ( LLC ) is a flexible form of enterprise that blends elements of corporate and partnership attributes into one entity. LLC provides limited liability from its actions for its owners. LLC stands for Limited Liability Company, a business structure that combines the benefits of partnership and corporation. Learn how to create an LLC , its taxation, protection, and flexibility in this comprehensive guide. LLC full form is Limited Liability Company. To get more information regarding LLC ’s history, forms, advantages and more, tap here. 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.