Definitions
There is 1 meaning of the phrase
Limited Liability.
Limited Liability - as a noun
The liability of a firm's owners for no more than the capital they have invested in the firm
Example Sentences
"In a limited liability company, the owners enjoy the benefits of limited liability protection."
"One of the advantages of limited liability is that it encourages entrepreneurship and investment in the economy."
"Investors in limited liability partnerships are generally not held personally liable for the partnership's obligations."
"Investors in a limited liability company are not personally liable for the company's debts."
"With limited liability, shareholders are only liable for the amount they have invested."
