Definition of Limited liability company

1. Noun. (legal) 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. ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Limited Liability Company

limitary
limitate
limitation
limitational
limitations
limitative
limited
limited-liability
limited atonement
limited audit
limited company
limited edition
limited habitat
limited liability
limited liability companies
limited liability company
limited monarchies
limited monarchy
limited overs cricket
limited partnership
limited partnerships
limited range audiometer
limited review
limited war
limitedly
limitedness
limitednesses
limiteds
limiter
limiters

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