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We saw a need to try to get across a different perspective than the prevailing one, which was, at the time, keep the satisfaction the way things were, not just in. Podcast | the inside forbes councils podcast featured interviews with members of all nine. A limited liability company (llc) is a legal entity used to own, operate and protect a business. Here's everything you need to know about llcs. Creating an llc protects an individual’s or group’s personal assets in case of legal trouble or bankruptcy.