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- Dictionarylimited liability
noun
- 1. the condition by which shareholders are legally responsible for the debts of a company only to the extent of the nominal value of their shares. British
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Jul 14, 2022 · Limited liability is a legal structure that protects investors' and owners' personal assets from business debts. Learn how limited liability works in different types of organizations, such as corporations, LLCs, and LLPs, and compare it with unlimited liability.
Limited liability is a situation in which the owners or shareholders of a company are not responsible for all its debts if it fails. Learn more about this concept, its advantages and disadvantages, and how it differs from unlimited liability with examples and translations.
May 17, 2024 · Limited liability is a business ownership structure that protects shareholders’ personal assets from losses and debts. The liability is limited to the amount invested in the company. Owners and partners are not accountable for the firm’s losses and debts.
Mar 1, 2024 · Limited liability means that a person or company is not fully responsible for the debts or obligations of a business. Learn how limited liability works in different contexts, such as stockholders, shipowners, and treaties, with examples and word history.
Limited liability is a situation in which the owners or shareholders of a company are not responsible for all of its debts if the company fails. Learn more about the meaning, usage and examples of limited liability in business and law contexts.
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or joint venture.
Jul 29, 2022 · Definition. Limited liability protects a business owner from being personally liable for debts incurred by the business. Learn how it works in different business structures.
