[go: up one dir, main page]
More Web Proxy on the site http://driver.im/Jump to content

limited liability company

From Wiktionary, the free dictionary

English

[edit]

Noun

[edit]

limited liability company (plural limited liability companies)

  1. (law) A type or form of for-profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that regardless of potential losses or even bankruptcy of the corporation, individual shareholders will bear a maximum liability of the price they paid for their shares.

Synonyms

[edit]

Translations

[edit]

See also

[edit]