Limited liability close Limited liability When the business owner or owners are only responsible for business debts up to the value of their financial investment in the business. provides a ...

A form of business organization with the liability-shield advantages of a ... partnership Many states allow a business form called the limited liability company (LLC). The LLC arose from business ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

The main difference between unlimited and limited liability is the level of risk that a business owner is willing to take. Having unlimited liability is a bigger risk for any business owner than ...

A joint stock company is a type of business entity where ownership is divided into shares of stock, which are held by ...