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Corporations are created by the people, acting through their governments. We grant them corporate charters that confer certain legal rights and privileges, like the ability to enter into contracts, limited liability and perpetual life.
Jim McGovern

Meaning of "limited liability" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF LIMITED LIABILITY

limited liability play
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GRAMMATICAL CATEGORY OF LIMITED LIABILITY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Limited liability is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES LIMITED LIABILITY MEAN IN ENGLISH?

Limited liability

Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. If a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the value of their investment in that company. This usually takes the form of that person's dividends in the company being zero, since the company has no profits to allocate. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business. Although a shareholder's liability for the company's actions is limited, the shareholders may still be liable for their own acts. For example, the directors of small companies are often required to give personal guarantees of the company's debts to those lending to the company.

Definition of limited liability in the English dictionary

The definition of limited liability in the dictionary is liability restricted to the unpaid portion of the par value of the shares of a limited company. It is a feature of share ownership.

WORDS THAT BEGIN LIKE LIMITED LIABILITY

limitableness
limitarian
limitary
limitation
limitations
limitative
limited
limited bus
limited company
limited edition
limited liability company
limited monarchy
limited partner
limited partnership
limited war
limited-stop bus
limitedly
limitedness
limiter
limites

WORDS THAT END LIKE LIMITED LIABILITY

ability
accessibility
availability
capability
compatibility
disability
durability
facility
flexibility
functionality
liability
mobility
nobility
possibility
probability
reliability
responsibility
stability
sustainability
utility
visibility

Synonyms and antonyms of limited liability in the English dictionary of synonyms

SYNONYMS

Translation of «limited liability» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF LIMITED LIABILITY

Find out the translation of limited liability to 25 languages with our English multilingual translator.
The translations of limited liability from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «limited liability» in English.

Translator English - Chinese

有限责任
1,325 millions of speakers

Translator English - Spanish

de responsabilidad limitada
570 millions of speakers

English

limited liability
510 millions of speakers

Translator English - Hindi

सीमित देयता
380 millions of speakers
ar

Translator English - Arabic

ذات مسؤولية محدودة
280 millions of speakers

Translator English - Russian

общество с ограниченной ответственностью
278 millions of speakers

Translator English - Portuguese

de responsabilidade limitada
270 millions of speakers

Translator English - Bengali

সীমিত দায়
260 millions of speakers

Translator English - French

responsabilité limitée
220 millions of speakers

Translator English - Malay

liabiliti terhad
190 millions of speakers

Translator English - German

mit beschränkter Haftung
180 millions of speakers

Translator English - Japanese

有限責任
130 millions of speakers

Translator English - Korean

유한 책임
85 millions of speakers

Translator English - Javanese

Winates hukuman
85 millions of speakers
vi

Translator English - Vietnamese

trách nhiệm hữu hạn
80 millions of speakers

Translator English - Tamil

வரையறுக்கப்பட்ட பொறுப்பு
75 millions of speakers

Translator English - Marathi

मर्यादित दायित्व
75 millions of speakers

Translator English - Turkish

Sınırlı sorumluluk
70 millions of speakers

Translator English - Italian

responsabilità limitata
65 millions of speakers

Translator English - Polish

z oo
50 millions of speakers

Translator English - Ukrainian

товариство з обмеженою відповідальністю
40 millions of speakers

Translator English - Romanian

cu răspundere limitată
30 millions of speakers
el

Translator English - Greek

περιορισμένης ευθύνης
15 millions of speakers
af

Translator English - Afrikaans

beperkte aanspreeklikheid
14 millions of speakers
sv

Translator English - Swedish

begränsat ansvar
10 millions of speakers
no

Translator English - Norwegian

begrenset ansvar
5 millions of speakers

Trends of use of limited liability

TRENDS

TENDENCIES OF USE OF THE TERM «LIMITED LIABILITY»

The term «limited liability» is quite widely used and occupies the 26.561 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
88
/100
The map shown above gives the frequency of use of the term «limited liability» in the different countries.
Principal search tendencies and common uses of limited liability
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «limited liability».

FREQUENCY OF USE OF THE TERM «LIMITED LIABILITY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «limited liability» during the past 500 years. Its implementation is based on analysing how often the term «limited liability» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about limited liability

EXAMPLES

QUOTES WITH «LIMITED LIABILITY»

Famous quotes and sentences with the word limited liability.
1
Jim McGovern
Corporations are created by the people, acting through their governments. We grant them corporate charters that confer certain legal rights and privileges, like the ability to enter into contracts, limited liability and perpetual life.

10 ENGLISH BOOKS RELATING TO «LIMITED LIABILITY»

Discover the use of limited liability in the following bibliographical selection. Books relating to limited liability and brief extracts from same to provide context of its use in English literature.
1
Limited Liability Company & Partnership Answer Book
With more than 300 authoritative answers, you'll understand how to: Custom design an LLC or LLP that provides liability protection to principals and agents -- and one-time taxation of revenue Weigh the pros and cons of converting your ...
Martin, 2010
2
Limited Liability Companies For Dummies
The latest information on federal taxes and fees New filing requirements and coverage of setting up real estate LLCs and LLCs among family members Accompanying CD includes updated tools and forms It's full-steam ahead for LLCs, and this ...
Jennifer Reuting, 2010
3
Symonds and O'Toole on Delaware Limited Liability Companies
Symonds & O'Toole on Delaware Limited Liability Companies by renowned experts Robert L Symonds, Jr. and Matthew J. O'Toole combines practice-based Delaware LLC insights, completely current coverage, and up-to-date forms presented in logical ...
Robert L. Symonds, Robert L. Symonds, Jr., Matthew J. O'Toole, 2006
4
Limited Liability Companies: Formation, Operation, and ...
Written by a team of experts, this book explains conversions of existing partnerships and corporations to limited liability companies with in-depth legal, tax, and practical implications.
Robert W. Wood, 2001
5
Prototype Limited Liability Partnership Agreement
The Uniform Partnership Act (1997) (RUPA) is a far-reaching revision and modernization of the law of partnerships. This prototype agreement explores how a partnership agreement can be crafted to the new environment.
‎2003
6
Limited Liability Companies: A Planning and Drafting Guide
Advice for lawyers who plan and draft LLC documents.
Steven C. Alberty, 2003
7
Starting a Limited Liability Company
The updated second edition features completely revised and updated planning strategies, and new chapters on the one-member liability company, estate planning, home businesses, and more.
Martin M. Shenkman, Samuel Weiner, Ivan Taback, 2003
8
Federal and State Taxation of Limited Liability Companies (2009)
This comprehensive manual offers scrupulous and exhaustive coverage of LLC taxation that accountants, tax attorneys, and CPAs working with LLCs will find invaluable.
David J. Cartano, 2008
9
Guide to Limited Liability Companies
This revised handbook provides a concise discussion of the limited liability company (LLC), the popular alternative business form for small- and medium-sized enterprises that strategically combines the pass-through tax advantages and ...
Tom Cody, Dem A. Hopkins, Lawrence A. Perlman, 2007
10
Drafting Delaware Limited Liability Company Agreements: ...
The co-authors of the book and E-Newsletter are John M. Cunningham, the author of Drafting Limited Liability Company Operating Agreements (Aspen Publishers), the leading generic (i.e., non-state specific) LLC form book and practice manual; ...
John M. Cunningham, Vernon R. Proctor, 2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «LIMITED LIABILITY»

Find out what the national and international press are talking about and how the term limited liability is used in the context of the following news items.
1
New Disclosure Rules for Shell Companies in New York Luxury …
In all, more than half of New York condominium sales above $5 million last year were to limited liability companies, which can be established in ... «New York Times, Jul 15»
2
Four New IPOs for the Week of July 20 - Equities.com - Global …
ESSF is a newly organized Delaware series limited liability company that has been formed to permit public investment in individual commercial ... «Equities.com, Jul 15»
3
Gotta Dance Broadway Liability Co $14.50 million Fundraising. Dori …
Gotta Dance Broadway Ltd Liability Co, Limited Liability Company just submitted form D because of $14.50 million equity financing. This is a ... «OctaFinance.com, Jul 15»
4
Governor Brown signs bill to provide liability protection to physicians …
SB 738 will provide limited liability protection for prescribing physicians writing standing order prescriptions in order to comply with SB 1266 ... «Orange County Breeze, Jul 15»
5
Purchasing Property in the Restricted Zones of Mexico - The …
The two most common types of corporations are Limited Liability Corporation and Limited Liability Partnerships. Choosing which corporation ... «The Yucatan Times, Jul 15»
6
Late March fire deemed arson | The Herald-Dispatch
Cabell County records show the building as owned by B & V Development, a limited liability corporation organized by Huntington attorneys ... «Huntington Herald Dispatch, Jul 15»
7
Preliminary development plans for St. Gabe's | Shelter Island Reporter
After three months of silence following an announcement that a limited liability company called PandionAcquisitions had purchased close to 25 ... «Shelter Island Reporter, Jul 15»
8
Incubator offers work and living space to entrepreneurs | LVB
Boerner said Hatch House is being run as a Limited Liability Corporation, although he is working to set up a 501c3 foundation that will have a ... «Lehigh Valley Business, Jul 15»
9
Real estate sales on the South Shore, July 17 - News - The Patriot …
751 Bedford St., Farmers Spirits Realty Trust, and Robert Caldarola to Krushna Limited Liability Co., $1,100,000, June 24. 20 Kingswood Drive ... «The Patriot Ledger, Jul 15»
10
Drones and the epoch of one-click wars | Washington Examiner
The result is limited liability interventions that do not fit their stated goals. The Obama administration now argues, for example, that training and ... «Washington Examiner, Jul 15»

REFERENCE
« EDUCALINGO. Limited liability [online]. Available <https://educalingo.com/en/dic-en/limited-liability>. Apr 2024 ».
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