Limited liability means that a person or company's responsibility for any losses or debts is limited to a specific amount. It protects them from being personally responsible for all debts or obligations of a business. In case the business faces financial trouble, their personal assets and money are generally not at risk beyond the amount they invested.
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«limited»
«liability»
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Phrases with «limited liability»
Sentences with «limited liability»
- The proposed solution to these issues is the utilization of limited liability companies as a holding vehicles. (investingarchitect.com)
- Most hedge funds are structured as limited liability partnerships. (hedgefundhub.com)
- He said he would eliminate incorporation fees for limited liability corporations and partnerships, and reduce the wait times for government permitting. (newyork.cbslocal.com)
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