Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 1-1 of 1 result for “Limited Liability Company (LLC)”
  • Limited Liability Company (LLC)

    A form of business ownership that provides limited liability and taxation like a partnership, but places fewer restrictions on shareholders. (Ferrell & Hirt, 2002)