Final answer:
An at-will LLC has no specified term of duration, providing flexibility for the owner to dissolve the business at any time without penalties.
Step-by-step explanation:
A(n) at-will LLC has no specified term of duration. It can be dissolved at any time by the owner or owners without any restrictions or penalties. This means that the business can operate indefinitely or until the owner decides to close it. Unlike a term LLC, which has a specified duration, an at-will LLC provides flexibility for the owner.