limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Examples of limited liability in a Sentence

Recent Examples on the Web
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For federal purposes, entities taxed as a partnership, including limited liability companies that have not elected another tax status, will file Form 1065. Kelly Phillips Erb, Forbes.com, 6 June 2025 Mia Matthews, an actress, previously pleaded guilty to evading federal income taxes in 2005 and 2007 by trying to conceal personal expenditures by using limited liability companies, a business bank account and a law firm trust account controlled by one of Bob Matthews’ Florida lawyers. Edmund H. Mahony, Hartford Courant, 5 June 2025 The identity of every single buyer isn’t clear, since many are obscured by trusts or limited liability companies, but real estate records and local sources suggest that developers are buying the lion’s share of lots. Jack Flemming, Los Angeles Times, 5 June 2025 The limited liability company was formed in March and is indirectly owned by LBX Investments. Jennifer Van Grove, San Diego Union-Tribune, 2 June 2025 See All Example Sentences for limited liability

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 18 Jun. 2025.

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