Recent Examples of limited liability from the Web
But The Journal, now reports that on October 17, 2016 the president’s lawyer Michael Cohen set up a limited liability corporation in Delaware titled Essential Consultants LLC, to make the transfer of $130,000 to Daniels.
AK Publishing was the limited liability corporation Rogoff set up to pay the bills for the Dispatch, according to her statements in the case.
Often, they are involved in or run partnerships, sole proprietorships, limited liability companies and S corporations.
Billions in city contracts and real estate deals will no longer be able to move forward with limited liability corporations or similar financial entities unless city officials are told the names and roles of all people involved in such transactions.
The investors, who operate under a limited liability corporation called Marston Acquisition Co., plan to lease the Class A buildings, which total 48,300 square feet.
Structured as a limited liability corporation rather than a traditional foundation, a move the founders say give them more flexibility, the organization is focused on three main areas: science, education and justice.
Emerson Collective was founded in 2011 as a limited liability corporation and aims to remove barriers to opportunity and promote reform across education, immigration, the environment and other social-justice initiatives.
The ownership company for the M hotel is a limited liability company called BP Investment Partners, which bought the 172-unit property in 2010 for $2.85 million, according to the Orange County Property Appraiser’s office.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'limited liability.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of limited liability
Financial Definition of LIMITED LIABILITY
What It Is
How It Works
In certain cases where an investor invests his money with a company or partnership, this investor will not be liable for any financial risk beyond what he has invested in the business entity. These types of entities are normally limited liability partnership arrangements and limited liability companies.
For example, if an investor enters into an agreement to join a LLC, his investment of $100,000 is his total liability. In other words, he can potentially lose all of this and no more. He won't be liable for any liability beyond this initial $100,000. If he were to invest additional sums, this limited liability would then match his total contribution.
Sole proprietorships and general partners in general partnerships, on the other hand, have unlimited liability.
Why It Matters
This concept of limited liability enters into the decision making equation of businesses and investors when forming a business entity, otherwise known as choice of entity. Depending on the risks and investments of all the participants, the decision may be made to organize a business with limited liability due to many factors, including but not limited to, taxes, dividends, risk, duration, profession and control.
Learn More about limited liability
Britannica.com: Encyclopedia article about limited liability
Seen and Heard
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