"What is an LLC and how is it established?" If you are interested in such questions, you are at the right address. In this article, we have tried to explain the whole process in a consistent manner. What is an LLC? Limited Liability Company (LLC) is a form of company that operates as a legal entity and whose authorized capital is divided into a certain number of shares. The main advantage of the LLC is that its participants (founders) are not responsible for the company's debts with their personal property; they are...