A limited liability company, also known as an "LLC" is a type of corporation. The LLC offers many advantages, but the primary hallmark of the LLC is the limitation of personal liability upon the members comprising the business organization. The owners of the LLC are shielded from personal liability as their personal assets are not subject to the debts or legal liabilities of the LLC. Therefore, if the LLC is liable in any way, the LLC owners' personal assets are not attachable by the creditor. Owners of an LLC are also referred to as LLC members. The number of members of the LLC varies, as there is no specific number of members which may comprise the LLC. In addition, most states allow for LLC's to be made up of just one owner. No matter how many individuals the LLC contains, no part of these persons' private assets can be used to satisfy the corporate responsibilities, liabilities and debts.