The term INC. COUSIN refers to three different types of business entities: Corporation (CORP), Limited Liability Company (LLC), and Limited (LTD). A corporation is a legal entity that is separate from its owners, meaning that the owners are not personally liable for the debts and obligations of the corporation. An LLC is similar to a corporation in that it is a separate legal entity from its owners, but it offers more flexibility in terms of taxation and management structure. Lastly, a limited company is a type of business entity that is owned by one or more individuals who are not personally liable for the company's debts and obligations. All three of these business entities provide limited liability protection to their owners, meaning that the owners are not personally responsible for the debts and obligations of the business.