: liability (as of a stockholder or shipowner) limited by statute or treaty
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This includes corporations, limited liability companies, and similar entities created or registered to do business in the United States.—Matthew F. Erskine, Forbes, 19 Feb. 2025 Wilken granted preliminary approval on Oct. 7, 2024. SEC and Big Ten athletic directors are likely to hear an update from their colleagues who are working on setting up a limited liability company (LLC) to provide enforcement and oversight.—The Athletic College Football, The Athletic, 17 Feb. 2025 The building that will host the Rachel’s Promise center is owned by Oliver McMillan Eagles Hall, a limited liability company.—Blake Nelson, San Diego Union-Tribune, 14 Feb. 2025 Companies can avoid screenings by hiring workers as subcontractors, after those workers obtain a taxpayer ID number and establish a corporation or limited liability company.—Lawrence Mower, Sun Sentinel, 14 Feb. 2025 See All Example Sentences for limited liability
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