The meaning of LIMITED LIABILITY is liability (as of a stockholder or shipowner) limited by statute or treaty.
Definition:Limited liability protects an owner, so he or she can’t lose more money than he invested in an investment. In other words, it refers to the amount of risk an investor takes when he invests in a company. Depending on the way a company is organized, the owners can actually lo...
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.
Sole proprietorships and general partners in general partnerships, on the other hand, have unlimited liability. Why Does Limited Liability Matter? This concept oflimited liabilityenters into the decision making equation of businesses and investors when forming a business entity, otherwise known as choice...
Examples of Liability Limited in a sentence Limited Liability Partnerships, and Limited Liability Limited Partnerships (collectively “Limited Partnerships”). In-State Firms: Corporations (Corp); Limited Liability Companies (LLC); Limited Partnerships (LP); Limited Liability Limited Partnerships (LLLP) –...
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 partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability%20partnership. Accessed 19 Feb. 2025. Copy Citation Share Post the Definition of limited liability partnership to Facebook Facebook Share the Definition...
A limited liability company is a type of business structure that protects owners' personal assets and passes through income. Learn how this type of structure works.
limited liability n. the maximum amount a person participating in a business can lose or be charged in case of claims against the company or its bankruptcy. A stockholder in a corporation can only lose his/her investment, and a limited partner can only lose his/her investment, but a ...
Limited liability is a type of liability that does not exceed the amount invested in a partnership or limited liability company.