limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Examples of limited liability in a Sentence

Recent Examples on the Web The buyer was recorded April 2 as Kettner Vine Creative House LLC, a limited liability company established March 15 by investor Douglas Hamm. Hamm, a University of San Diego finance and philosophy graduate who founded and operates multiple companies, could not be reached for comment. Jeff McDonald, San Diego Union-Tribune, 14 Apr. 2024 However, the Indiana Secretary of State dissolved Indy City Futbol as a limited liability corporation in August 2022 for what appears to be a failure to file annual reports. Alexandria Burris, The Indianapolis Star, 4 Apr. 2024 Although many states have road salt training programs, Wisconsin would have been the second state in the nation to implement the limited liability aspect, preceded only by New Hampshire, which passed a similar law in 2013. Journal Sentinel, 1 Apr. 2024 Chen has had a limited liability corporation registered at the address of the farm. Sebastian Rotella, ProPublica, 22 Mar. 2024 All four of the Remarkable nursing homes are linked to limited liability companies owned or operated by Laurie Beth and Jon McPike of Southlake. Ciara McCarthy, Fort Worth Star-Telegram, 29 Mar. 2024 Prior to the statement from Isaacs, Hamra’s campaign told The Star in an email that Hamra, through a limited liability company, purchased property in Springfield in 2011. Kacen Bayless, Kansas City Star, 25 Mar. 2024 They are protected by a maze of interlocking trusts and limited liability companies. Rukmini Callimachi, New York Times, 24 Mar. 2024 The app is owned by TikTok LLC, a limited liability company incorporated in Delaware and based in Culver City, California. Laura He, CNN, 18 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'limited liability.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

Dictionary Entries Near limited liability

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 27 Apr. 2024.

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