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A limited liability company, commonly referred to as an LLC, is a popular form of business structure in which members are afforded protection from personal liability. This means that members generally will not be personally liable for lawsuits against their LLC. Unbeknownst to many, forming an LLC is quite simple. Here are the basic steps that you can follow to create your own LLC. Step 1: Name Your LLC As obvious as this sounds, you must first come up with a name for your LL