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Each state may use different regulations, you should check with your state. First, the name of an LLC must include the words "Limited Liability Company" or the abbreviation "LLC" or "L.A limited liability company (LLC) is a business structure in the US that protects the assets of its owners from lawsuits and creditors. List your company details. If the governing person is an individual, set forth the name of the individual in the format specified. Do not use prefixes (e.g. An LLC may organize for any lawful business purpose or purposes. Limited liability company (LLC). An LLC lets you take advantage of the benefits of both the corporation and partnership business structures. A limited liability company is formed at the time of filing of the certificate of organization with the Corporations Division.