NOUN
- the liability of a firm's owners for no more than the capital they have invested in the firm
How To Use limited liability In A Sentence
- V., a nonprofit limited liability company, was formed to develop and operate the network.
- They all rest on a shared legal code and limited liability underpinned by public law. Times, Sunday Times
- The legal issues involved will vary depending on whether or not you decide to operate as a partnership or a limited liability company.
- As Turbosoft were not a limited liability company, the proprietors are personally liable for the losses and could be made bankrupt.
- We can see by reference to the Salomon case the great advantage of limited liability.
- The parent organization is a limited liability company of General Motors and General Dynamics, located in Sterling Heights, Michigan.
- Shareholders of a limited liability company enjoy an asymmetric exposure to its performance. Times, Sunday Times
- A partnership may have unlimited liability as well as limited liability.
- This was the first time that the providers of capital were offered limited liability for debts. Times, Sunday Times
- Under statutory capital system, it is shareholders and corporations who shall bear the risk of limited liability, and the protection to the benefits of creditors has been made in advance.
