LLC is a liability company whereas .A limited liability company (LLC) is a corporate structure whereby the members of the company cannot be held personally liable for the company&＃39;s debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next. However, it is essentially a hybrid entity that combines the characteristics of a corporation and a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of a LLC is a feature of partnerships.