limited liability company

(redirected from Limited liability organization)
Also found in: Legal, Financial.

limited liability company

n. Abbr. LLC
A company managed by members or elected managers, like a partnership, but with the liability of the members limited to the amount of capital they have invested in the business.
References in periodicals archive ?
2) The portfolio company maintains policies, books and records, accounts, and other indicia of corporate, partnership or limited liability organization and operation that are separate from the financial holding company and limit the legal liability of the financial holding company for obligations of the portfolio company; and
I think Lloyd's in due course will become a completely limited liability organization in time," Chairman Max Taylor said in an interview with Kyodo News.
A limited liability organization, ENOC, which is wholly-owned by the Government of Dubai, is the holding company for a growing number of profitable subsidiaries and joint ventures.

Full browser ?