limited liability


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  • noun

Words related to limited liability

the liability of a firm's owners for no more than the capital they have invested in the firm

References in periodicals archive ?
The proposed LLP framework possesses limited liability, active member management, simplicity and ease of doing business.
Limited liability can sometimes make the governance structure of these firms uniquely subject to a market failure that externalizes the systemic costs of taking a risky action.
A limited liability company that wants to be an L3C must state in its articles of organization that the company is not designed to further political or legislative purposes and that "no significant purpose of the company" is the production of income or the appreciation of property.
The amount of the authorized capital of a private limited liability company may not be less than 10,000 litas (2,900 euros).
member limited liability company, these outcomes produce often bizarre
Under then-existing corporate resemblance regulatory classification standards, a Wyoming limited liability company was classified as a partnership because it lacked continuity of life and free transferability of interests.
Transferring assets into a limited liability entity to obtain liability protection, or engaging in succession planning, are good business reasons.
Of the 103 operating nuclear power plants, 31 are owned by 11 limited liability companies.
Unless the business is formed as a corporation or a limited liability company, it will be a sole-proprietorship by default.
the "Big Five," are Limited Liability Partnership (LLPs).
Currently, individuals can participate on the traditional basis of unlimited liability, taking on risk through members' agents who manage their affairs; through Members' Agents Pooling Arrangements, which spread Names' investments across several syndicates; or through various "conversion vehicles," which allow them to trade with limited liability.
Lockheed Martin Skunk Works has created a limited liability company officials say will take the X-33/Reusable Launch Vehicle program from a technology demonstration program to a viable commercial space business.
The playing field expanded in recent years with the passage at limited liability company legislation in many jurisdictions.
The LLC combines the best features of a partnership and an S corporation: the partnership's pass-through tax benefits and flexibility with the corporation's limited liability of management and owners.
The limited liability attribute pushes heavily for the corporation form of organization.
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