limited liability


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limited liability

n
(Stock Exchange) Brit liability restricted to the unpaid portion (if any) of the par value of the shares of a limited company. It is a feature of share ownership

limited liability

If a company goes bankrupt and has limited liability, the owners of the company (the shareholders) are only obliged to pay back company debts with the money they have already invested in the firm. They will not be forced to sell their personal possessions to help pay debts.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.limited liability - the liability of a firm's owners for no more than the capital they have invested in the firm
financial obligation, indebtedness, liability - an obligation to pay money to another party
References in classic literature ?
I suppose I can't very well turn myself into a Limited Liability Company.
Mammadov noted that in the 1Q2019 the number of registered legal entities increased by 8.1 percent compared to the 1Q2018, while the number of registered individuals and limited liability companies with local capital increased by 28.5 percent and 11.3 percent, respectively.
Now in a fully updated and revised tenth edition, "Nolo's Quick LLC: All You Need to Know About Limited Liability Companies" by attorney Anthony Mancuso clearly explains how to decide whether an LLC is right for you.
On Monday, the GAFI assured its keenness on protecting the shareholders' and partners' interests through a recall to clarify the authority's periodic book number 16 which regulates the transfers of partners' shares in limited liability companies.
How Limited Liability Can Exacerbate Externalization
In Abu Dhabi, a total of 77,406 licenses have been issued, including 25,460 for limited liability companies,17,942 for company branches and the rest for single-member limited liability companies as well as stock and private and other types of firms.
Addressing the business community, Liaquat Ali Dolla, Registrar of Companies of SECP Limited Liability Partnership (LLP) was an alternative form of business that became available for registration after enactment of Limited Liability Partnership Act, 2017 and Limited Liability Regulations, 2018 in Pakistan.
Speaking at an awareness programme on Thursday, SECP Registrar of Companies Liaquat Ali Dolla said the LLP was an alternative form of business that became available for registration after enactment of Limited Liability Partnership Act 2017 and Limited Liability Regulations 2018.
This was said by the speakers during a seminar organized by Security and Exchange Commission of Pakistan (SECP) in collaboration with Islamabad Chamber of Commerce and Industry (ICCI) to brief the business community about the new registration procedure of Limited Liability Partnership (LLP).
The limited liability partnership (LLP) is an alternative form of business establishment, which has the flexibility of a general partnership as well as the advantages of a limited liability company.

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