limited liability company
Noun
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Noun
limited liability company
- (legal) 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.
- French: société à responsabilité limitée
- German: Gesellschaft mit beschränkter Haftung, GmbH
- Italian: società a responsabilità limitata
- Portuguese: (Lda.) limitada, sociedade de responsabilidade limitada
- Russian: о́бщество с ограни́ченной отве́тственностью
- Spanish: sociedad de responsabilidad limitada
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004