1.
limited liability company; LLC
A type of company created by the 2006 Companies Act, cheaper and simpler to set up than a 株式会社. The owners are also the managers and are liable only up to what they invested. Many small businesses use it, and so do the Japanese subsidiaries of some foreign firms, such as Apple Japan and Amazon Japan.
Often abbreviated (同) in company names, and called LLC in English.
Common collocations
Similar words
- 株式会社: stock company, corporation; the usual form for larger firms
- 有限会社: limited company, a form that can no longer be newly created since 2006
Watch out
Its members are called 社員 in law even though they are owners, not employees.
Related Words
Compare:
株式会社 (stock company, corporation)