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 For example, all matters where there is a single owner of a limited liability company will be simple - that single owner is the beneficial owner of the entity for purposes of the Act. —

Martin Shenkman, Forbes, 15 Sep. 2024 In recent years, business records show, McBride has created several limited liability companies. —

Libor Jany, Los Angeles Times, 8 Sep. 2024 The three most common legal structures that pertain to small businesses are a sole proprietorship, a limited liability company (LLC) and an S Corporation (S-Corp for short). —

Jasmin Suknanan, CNBC, 16 Aug. 2024 Fanatics has accused Arizona Cardinals rookie wide receiver Marvin Harrison Jr. and his limited liability company, the Official Harrison Collection, for breach of contract, anticipatory repudiation and tortious interference. —

Michael McCann, Sportico.com, 8 Aug. 2024 See all Example Sentences for limited liability

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

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Dictionary Entries Near limited liability

limited fee simple

limited liability

limited liability partnership

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Cite this Entry

Style

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 23 Sep. 2024.

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