A limited liability company is owned by the

A limited liability company is owned by the shareholders. This means that individuals or other companies can purchase shares of the company, which represents ownership in the company. Shareholders are entitled to a portion of the company's profits, and their liability is limited to the amount they have invested in the company. This means that if the company were to go bankrupt or be sued, the shareholders would not be personally responsible for the company's debts beyond the amount they invested.