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  1. Dictionary
    limited 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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  2. www.investopedia.com › terms › lLimited Liability Definition: How It Works in ... - Investopedia

    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.

  3. dictionary.cambridge.org › dictionary › englishLIMITED LIABILITY | English meaning - Cambridge Dictionary

    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.

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  5. www.wallstreetmojo.com › limited-liabilityLimited Liability - Meaning, Types, Advantages/Disadvantages

    May 17, 2024 · Limited liability is a business ownership structure that protects shareholders’ personal assets from losses and debts. Learn about the three types of limited structures—LLP, LLC, and corporation—and their advantages and disadvantages with examples.

  6. www.thebalancemoney.com › what-is-limited-liability-5205544What Is Limited Liability? - The Balance

    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.

  7. en.wikipedia.org › wiki › Limited_liabilityLimited liability - Wikipedia

    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.

  8. www.myaccountingcourse.com › limited-liabilityWhat is Limited Liability? - Definition | Meaning | Example

    Limited liability means an owner of a company can’t lose more money than he invested in it. Learn how corporations have limited liability and how it differs from sole proprietorships and partnerships.

  9. dictionary.cambridge.org › english › limited-liabilityLIMITED LIABILITY definition | Cambridge English Dictionary

    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.