Recent Examples of limited liability from the Web
The approximately 75 firms, most of them limited liability companies, were behind more than one out of every 10 eviction cases filed last year in the county, a Milwaukee Journal Sentinel analysis found.
Those are partnerships, sole proprietorships, limited liability companies and S corporations, and their owners pay their business taxes through their individual tax returns.
The seller is a limited liability company called SMIR 3001 LLC, based in Miami.
Operating agreements are a normal part of setting up a limited liability company, which also can help protect the parents’ assets from lawsuits and other problems created by the business.
In May, Campbell signed a quit claim deed and transferred ownership of the home to a limited liability company registered to an address of a commercial building that until last year was owned by her ex-husband.
The plaintiffs in the lawsuit against Paradigm include six limited liability companies that hold property, managed by Eric Uhlenhoff, in the Treasure Valley.
Records show that through a land trust, Nagy and his wife bought the mansion from Brennan’s Bluff 7 limited liability company.
According to her campaign, Ms. James raised approximately $416,000 from individual donors and more than $555,000 from political action committees, unions and limited liability corporations.
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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
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