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It means Professional Limited Liability Corporation. Inc (incorporated), Co (company), and Ltd (limited) are all designations for a corporate entity. Those who invest in a corporation are not liable for the corporation's debts. An LLC is a limited liability company, which is kind of a cross between a corporation and a partnership. It protects partners who merely invest money in the partnership and play no active role in the business. In both cases (corporations and LLCs), the liability of the protected investors is limited to the amount of the investment. In other words, if the company or LLC is unable to pay its debts, the investors will lose the money they invested, but the creditors cannot pursue the investors personally. A PC is a professional corporation, which is a corporation formed by 1 of the 4 professions (lawyer, doctor, accountant, and engineer). A PLC is a limited liability professional corp, so it is essentially an LLC used by the professions.

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14y ago

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