Recent Examples of limited liability from the Web
TNHC Mountain Shadows LLC, a Delaware limited liability company, sold the home.
Instead, it is owned by a limited liability company that is in turn owned in part by Hart’s wife Vicki.
Records show Weinstein purchased the property through the limited liability company Thirban Realty Holdings in 2006 for $14.95 million.
TNHC Mountain Shadows LLC, a Delaware limited liability company, sold the condo. Researched by Lorraine Longhi and The Information Market.
The two limited liability companies are under the control of O’Neill Properties.
According to the Florida Department of State, Edmund Irvine is the managing member of that limited liability company.
New documents obtained by CNN on Wednesday suggested another Trump attorney besides Cohen was involved in establishing the limited liability company used to pay Daniels.
With Quinn gone and much of the home's furniture sold off in an estate sale last November, the new owners (who shielded their identities by purchasing through a limited liability company) are taking steps to make the home their own.
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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