
Limited Liability Definition: How It Works in ... - Investopedia
Jun 29, 2025 · Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or limited liability company (LLC).
Limited liability company (LLC) - Internal Revenue Service
Oct 9, 2025 · Review information about a Limited Liability Company (LLC) and the federal tax classification process.
Limited liability - Wikipedia
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture.
What Is A Limited Liability Company (LLC)? Definition, Pros & Cons
Sep 8, 2025 · Learn about limited liability companies (LLCs): their definition, advantages and disadvantages. Understand how they can impact your business strategy.
What Does Limited Liability Mean? - FindLaw
Nov 6, 2025 · With limited liability, your business creditors cannot go after your home, car, personal accounts, or other assets to cover your business’s debts. All businesses have a legal structure, but …
What Is an LLC? Definition, Benefits, and How It Works
Nov 22, 2025 · What is a limited liability company? A limited liability company (LLC) is a business structure that protects owners' personal assets from business debts and lawsuits while offering …
limited liability | Legal Information Institute
Limited liability is a business law principle that shields individual shareholders from liability for debts owed by a business entity to the extent of the shareholder’s investment in the entity.
Limited liability | Definition & Facts | Britannica Money
limited liability, condition under which the losses that owners (shareholders) of a business firm may incur are limited to the amount of capital invested by them in the business and do not extend to their …
What is Limited Liability? Definition, Examples, and Guide
Limited liability is a foundational concept in modern business law. It allows individuals to start or invest in businesses without risking their personal wealth beyond what they contribute. This principle …
Limited Liability - Meaning, Types, Advantages/Disadvantages
Limited liability is a business ownership structure that protects shareholders’ personal assets from losses and debts. The liability is limited to the amount invested in the company. Owners and partners …