Limited liability companies (LLCs) are important legal structures for forming a business. Limited liability means that the assets and debts of the business remain separate from the personal assets and debts of the company’s owners.
https://www.investopedia.com/terms/l/llc.asp#:~:text=Limited%20liability%20companies%20(LLCs)%20are,debts%20of%20the%20company’s%20owners.