limited liability company

limited liability company

  1. (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.
Synonyms Translations
  • 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 0.003
Offline English dictionary