limited liability company
A type or form of for-profit incorporated company where ownership is divided into…A type or form of for-profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that regardless of potential losses or even bankruptcy of the corporation, individual shareholders will bear a maximum liability of the price they paid for their shares.
Meaning
1 sensesA type or form of for-profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that regardless of potential losses or even bankruptcy of the corporation, individual shareholders will bear a maximum liability of the price they paid for their shares.
Near-synonyms: Ltd, Ltd.
Gesellschaft mit beschränkter Haftung, GmbH
о́бщество с ограни́ченной отве́тственностьюóbščestvo s ograníčennoj otvétstvennostʹju, ОООOOO
товари́ство з обме́женою відповіда́льністюtovarýstvo z obméženoju vidpovidálʹnistju, ТОВTOV, ТзОВTzOV
Translations
9 languagesBy meaning 1
By meaning 1
By meaning 1
Forms
plural: limited liability companies| Singular | limited liability company |
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| Plural | limited liability companies |
regular
Synonyms
3 synonymsWord family
2 related wordsSee also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.