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

To carry out the abusive tax shelter, McPhee and his co-conspirators first instructed clients to restructure their business as a multi-member limited liability company (LLC), with 98% owned by a business trust and 2% personally owned by the client. —Kelly Phillips Erb, Forbes.com, 8 Aug. 2025

The main business entities are: Sole proprietorship, limited liability company (LLC), C-Corporation (C-Corp) and S-Corporation (S-Corp). —Jasmin Suknanan, CNBC, 22 July 2025

The properties were purchased in limited liability companies. —Kenneth R. Gosselin, Hartford Courant, 21 July 2025

Filed in Wayne County Circuit Court, the lawsuit names Eric Vander Ley and Daniel Vander Ley, both of Detroit, along with 17 limited liability companies that the attorney general says were created to mimic existing Ferndale businesses. —Nour Rahal, Freep.com, 9 July 2025

Word History

First Known Use

1848, in the meaning defined above

Rhymes for limited liability

• communicability
• comprehensibility
• deliverability
• differentiability
• impenetrability
• impermeability
• impracticability
• inaccessibility
• inadmissibility
• inapplicability
• incompatibility
• indestructibility