Recent Examples of limited liability from the Web
The private purchase, according to property records, was made through the limited liability company Euro TriBeCa; that firm has a Nashville address linked to Ms. Swift’s management company, 13 Management.
The Tax Cuts and Jobs Act slashes the corporate tax rate to 20 percent, with partnerships, limited liability companies and other pass-through businesses taxed at 25 percent.
The private purchase, according to property records, was made through the limited liability company Euro TriBeCa
The indictment filed by Mueller's investment team lists 17 domestic businesses or limited liability companies allegedly owned or controlled by Manafort and Gates.
Trump and Republican congressional leaders have proposed cutting the corporate tax rate to 20 percent from 35 percent and taking the top rate for business income from partnerships and limited liability companies to 25 percent from 39.6 percent.
But partnerships, limited liability companies (LLCs) and other unincorporated businesses entities are allowed to donate.
Several executives of a limited liability corporation that controls the nursing home declined to comment, including the principal owner, Florida resident Jack Michel.
Since the seizures were stayed, the limited liability company that owns the penthouse is free to sell the unit, according to people familiar with the situation.
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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