limited liability

noun

: 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 founders of a company must initially determine whether to organize the business as a limited liability company (LLC), a general partnership, a sole proprietorship, or a corporation. — Allbusiness, Forbes.com, 15 June 2026

On June 2, Colorado governor Jared Polis signed Senate Bill 133, a bill that creates a new type of limited liability company (LLC) called an Artist Company, or A-Corp, report the Art Newspaper and the Colorado Sun. — Anne Doran, ARTnews.com, 3 June 2026

The agreement gives a limited liability corporation associated with the Broncos the right of first refusal to purchase the former railyard from CDOT and ensures the state cannot sell the land to anybody but the football club. — Parker Gabriel, Denver Post, 29 May 2026

At the time, Farhat owned 100% interests in four limited liability companies, so Vaughn applied for charging orders against Farhat's interests. — Jay Adkisson, Forbes.com, 26 May 2026

Word History

First Known Use

1848, in the meaning defined above

Rhymes for limited liability

• communicability
• comprehensibility
• deliverability
• differentiability
• impenetrability
• impermeability
• impracticability
• inaccessibility
• inadmissibility
• inapplicability
• incompatibility
• indestructibility