The meaning of LIMITED LIABILITY is liability (as of a stockholder or shipowner) limited by statute or treaty.
Define limited liability. limited liability synonyms, limited liability pronunciation, limited liability translation, English dictionary definition of limited liability. n Brit liability restricted to the unpaid portion of the par value of the shares of
Limited liability definition: a liability restricted by law or contract, as the liability of owners of shares in a corporation or limited company, or that of a special partner.. See examples of LIMITED LIABILITY used in a sentence.
Limited Liability Company (LLC) Meaning and Definition Learn everything you need to know about Limited Liability Companies (LLC) in this beginner's guide.Start your online business today. For free.Start free trial When it comes to starting your business, there are many legal structures to consid...
“Limited liability partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability%20partnership. Accessed 6 Dec. 2024. Copy Citation Share Post the Definition of limited liability partnership to Facebook Facebook Share the Definition ...
The limited liability company (LLC) is a hybrid legal entity that has both the characteristics of a corporation and of a partnership. An LLC provides its owners with corporate-like protection against personal liability. It is, however, usually treated as a noncorporate business organization for ta...
Limited liability definition Limited liability is a legal status which means that a person’s financial liability is limited to a specific amount, usually the value of their investment in the business or project. Once they’ve been incorporated, limited liability companies become separate legal entiti...
Definition:A limited liability company (LLC) is a business organization that has some benefits of a corporation and some of a limited partnership. In other words, an LLC is an entity type that gives owners the benefits of owning a corporation while maintaining the advantages of a limited partne...
Whilelimited liability separates and protects personal assetsfrom business assets. Some countries allow the creation ofunlimited liability corporations, which means that the shareholder or partner assumes all liability for the company's success. If the company becomes insolvent, the unlimited liability part...
A definition of the term "limited liability" is presented. It refers to the restriction of an owner's loss in a business to the amount of capital they have invested in it. When a company is put into liquidation, the owner as equity shareholder can lose only the share value whereas ...