Limited liability companies are usually incorrectly called "limited liability corporations," however a limited liability company is not incorporated as one my think. Limited Liability companies supply all members with limited liability thus giving them their name. Limited liability companies are easier to manage and typically can be easier to start up versus a corporation or other form of company. Members within the LLC are considered to be a form of owners as well. Should you need further information concerning the formation of an LLC, please seek professional help.