limited liability company definition

  • noun:
    • a sort or type of for-profit included business where ownership is divided into shares, and where in fact the governing rules are established in a contract entered into by all the preliminary shareholders. Title derives from the undeniable fact that no matter prospective losses and even personal bankruptcy associated with company, specific investors will keep a maximum liability associated with price they covered their stocks.

Related Sources

  • Definition for "limited liability company"
    • a sort or type of for-profit included business…
    • View More
  • Synonym for "limited liability company"
29 votes

How would you define limited liability company?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!