limited liability company

limited liability company
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.
Syn: LLC, Ltd.

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  • limited liability company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. limited liability company …   Law dictionary

  • Limited Liability Company — (LLC) ist in ihrer Grundform eine US amerikanische Kapitalgesellschaft. Die Gesellschafter können zu einer Qualifizierung als Personengesellschaft optieren. Bei der LLC haftet kein Beteiligter persönlich. Sie ist daher am ehesten als eine… …   Deutsch Wikipedia

  • limited (liability) company — limited ( liability) company limited ( liability) company ➔ company …   Financial and business terms

  • Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation …   Wikipedia

  • Limited liability company — Cet article concerne une forme d entité d entreprise spécifique aux États Unis. Pour les sociétés à responsabilité limitée en France, voir Société à responsabilité limitée. Une limited liability company (LLC) (français : Compagnie à… …   Wikipédia en Français

  • limited liability company — Legal entity that is a special kind of corporation. A limited liability company offers shareholders the limitations on personal liability that are available to stockholders in C or S corporations. At the same time, limited liability companies are …   Financial and business terms

  • limited liability company operating agreement — USA limited liability company operating agreement. Also known as an LLC agreement, limited liability company agreement and an operating agreement. An agreement governing an LLC s workings. It is commonly viewed as a cross between corporate by… …   Law dictionary

  • limited liability company agreement — USA limited liability company operating agreement. Also known as an LLC agreement, limited liability company agreement and an operating agreement. An agreement governing an LLC s workings. It is commonly viewed as a cross between corporate by… …   Law dictionary

  • limited liability company — ˌlimited ˈcompany [limited company] (also ˌlimited liaˈbility company) noun (in Britain) a company whose owners only have to pay a limited amount of its debts see also …   Useful english dictionary

  • Limited Liability Company - LLC — A corporate structure whereby the shareholders of the company have a limited liability to the company s actions. Basically, an LLC is a hybrid between a partnership and a corporation …   Investment dictionary

  • limited-liability company — noun see limited company * * * limited company or limˈited liabilˈity company noun One whose owners have liability for its debts, etc only according to their financial stake in it • • • Main Entry: ↑limit …   Useful english dictionary

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