limited liability love

limited liability

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The liability of a firm's owners for no more capital than they have invested in the business.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The liability of an owner or a partner of a company for no more capital than they have invested.

from the GNU version of the Collaborative International Dictionary of English

  • n. See Limited company, under Limited.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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

Etymologies

Sorry, no etymologies found.

Examples

  • The low-profit, limited liability corporation or L3C seeks to combine the features of a regular limited liability company with the socially beneficial aspects of a nonprofit.

    Creative Capitalism

  • Another example is the low-profit limited liability company, or L3C, which is a for-profit legal entity with the explicit purpose of engaging in socially beneficial activities.

    Creative Capitalism

  • The limited liability company (LLC) and the limited partnership (LP) are blessed with the charging-order rule.

    Creating Wealth

  • Knox's idea was to plant forty fishing villages at spots twenty-five miles apart between the Mull of Cantyre and the Dornoch Firth at a cost of L2000 apiece, or at least as many of them as money could be obtained to start; and the scheme rose high in public favour when the parliamentary committee on Scotch Fisheries gave it a general recommendation in 1785, and suggested the incorporation of a limited liability company by Act of Parliament in order to carry it out.

    Life of Adam Smith

  • That FINCO will take steps to float a limited liability company hereinafter referred to as the Company to carry on the business of producing and marketing wood charcoal in Sri Lanka.

    Strategic Management in Developing Countries Case Studies

  • Factories and workshops took the place of home industries; the small trader and the master-craftsman fell under the domination first of the big employer and later of the limited liability company.

    Marriage as a Trade

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