limited liability

noun

Definition of limited liability

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

Examples of limited liability in a Sentence

Recent Examples on the Web The most notable drop was in starting a business, which evaluates the processes, time and costs to establish a limited liability company, as well as licensing, permitting and more. Russ Wiles, The Arizona Republic, "Phoenix falls in ASU ranking of cities that are best for small businesses in North America," 7 Oct. 2020 The lawsuit was filed by SB IL, Vertical Management and GRI Holdings IL, all limited liability corporations that received perfect scores on their applications. Robert Mccoppin, chicagotribune.com, "Marijuana license finalists file suit to stop state from giving losers a second chance," 5 Oct. 2020 The current legal owner, a limited liability company based in Dover, Del., purchased the property in August 2018 for $8.25 million and embarked upon a complete renovation, which was completed in a Tropical Modern style this year. Robyn A. Friedman, sun-sentinel.com, "Alonzo Mourning’s former home listed for $18.5 million | Photos," 3 Sep. 2020 The Mayor’s Office wrote of the payment suspension in an overnight letter to 101 Ash LLC, the limited liability company apparently formed by seller-broker Cisterra Development to help close the deal. Jeff Mcdonald, San Diego Union-Tribune, "San Diego Mayor’s Office to suspend all payments on Ash Street lease," 2 Sep. 2020 Ohioans for Energy Security, a limited liability company that spent money to block the effort to stop nuclear subsidies. Jessie Balmert, The Enquirer, "Ex-Ohio House Speaker Larry Householder and allies face 162 campaign finance violations in connection with bribery scandal," 27 Aug. 2020 While the fire was burning, an attorney for Singh registered a new limited liability company, Regal Rose, at one of Singh’s business addresses. Scott Morris, ProPublica, "The Mystery House: How a Suspicious Multimillion Dollar Real Estate Deal Is Connected to California’s Deadliest Fire," 26 Aug. 2020 When Zuckerberg and Chan launched the CZI as a limited liability corporation in 2015, the couple said that solving the biggest problems facing the next generation would require taking risks and long-term thinking. Washington Post, "Mark Zuckerberg’s effort to disrupt philanthropy has a race problem," 16 Aug. 2020 As of mid-June, 25 states had granted limited liability protections to long-term care facilities, either through executive orders or state laws, the Texas Alliance For Patient Access told KXAN-TV in Austin. Dallas News, "How visits to Texas nursing homes, assisted-living facilities will work under new coronavirus guidelines," 14 Aug. 2020

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.

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First Known Use of limited liability

1848, in the meaning defined above

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Time Traveler for limited liability

Time Traveler

The first known use of limited liability was in 1848

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Statistics for limited liability

Last Updated

10 Oct 2020

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 21 Oct. 2020.

More from Merriam-Webster on limited liability

Britannica.com: Encyclopedia article about limited liability

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