[Frankie]

A limited liability company (abbreviated L.L.C. or LLC) in the law of the vast majority of the states of the United States is a legal form of business company offering limited liability to its owners. Often incorrectly called a "limited liability corporation" (instead of company), it is a hybrid business entity having characteristics of both a corporation and a partnership. It is often more flexible, the owners have limited liability for the actions and debts of the company, and it is suitable for smaller companies with a single owner. The primary corporate characteristic is limited liability while the primary partnership characteristic is the availability of pass-through income taxation.
Limited liability company - Wikipedia, the free encyclopedia

Same deal as an S corp.
Taxs are just done different and it's a whole lot more complicated if you are doing your own taxes.
S corporation - Wikipedia, the free encyclopedia