limited liability•Hence adirectorof a company may stand tolosefinancially even though the company haslimited liability.•Ifinstitutionalinvestorsareinvolved, the buy-outvehiclecould be a limitedpartnership, toaffordtheinstitutionslimited liability.•The mostimportantlegalaspectof thecorporationis itslimited...
The meaning of LIMITED LIABILITY is liability (as of a stockholder or shipowner) limited by statute or treaty.
Word History First Known Use 1705, in the meaning defined at sense 1a Time Traveler The first known use of liability was in 1705 See more words from the same year Phrases Containing liability limited liability limited liability partnership strict liability ...
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.
•Such clauses have no effect on theprimaryliability tothethirdparty for the death or personal injury he hassuffered.•They unanimously held that on itswordingitlimitedthesellers'liability tothe cost ofreplacingtheseed.•If your taxliability toJanuary31 is £100 or less, thefixedpenalty...
(a) explain the meaning of limited liability. (3 marks) (b) Explain and distinguish between: (i) unlimited companies; (2 marks) (ii) companies limited by guarantee; (2 marks) (iii) companies limited by shares. (3 marks) 查看答案
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 ...
Limited liability companies (LLC) are defined as a type of business structure where owners of the LLC are called “members” and are partners in a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to their personal income...
In the context of contracts of employment, explain the common law duties imposed on: (a) employers; (6 marks) (b) employees. (4 marks) 点击查看答案 第9题 In relation to company law:(a) explain the meaning of limited liability. (3 marks)(b) Expl In relation to company law: (a)...
A limited liability partnership (LLP) is a flexible legal and tax entity that allows partners to benefit from economies of scale while also reducing their liability.