limited (liability) partnership

  • 21limited liability — noun the liability of a firm s owners for no more than the capital they have invested in the firm • Hypernyms: ↑indebtedness, ↑liability, ↑financial obligation * * * noun 1. : the liability of shareholders in a corporation or a limited company 2 …

    Useful english dictionary

  • 22limited liability —    The maximum amount a business owner or investor can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company or an investor (shareholder) in a corporation usually stands to lose only the… …

    Business law dictionary

  • 23Limited Liability Company - LLC — A corporate structure whereby the shareholders of the company have a limited liability to the company s actions. Basically, an LLC is a hybrid between a partnership and a corporation …

    Investment dictionary

  • 24limited liability — Legal liability that does not extend beyond the size of an individual’s investment in a Corporation or *partnership. A *stockholder does not suffer liability for a corporation’s debts beyond an amount invested in a corporation, while a *limited… …

    Auditor's dictionary

  • 25limited liability — /lɪmətəd laɪəˈbɪləti/ (say limuhtuhd luyuh biluhtee) noun the liability, either by law or contract, only to a limited amount for debts of a trading company or limited partnership …

  • 26limited liability company — (LLC)    A flexible form of business ownership that is becoming the most popular structure for small businesses. Owners of an LLC have limited personal liability (as they would with a corporation) and a choice of how the business will be taxed.… …

    Business law dictionary

  • 27limited partnership — see partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. limited partnership …

    Law dictionary

  • 28partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro …

    Law dictionary

  • 29Limited partnership — A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs).The GPs are, in all major respects, in the same legal… …

    Wikipedia

  • 30Partnership — For the cricket term, see Partnership (cricket). A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.[1] Since humans are social beings, partnerships between individuals, businesses, interest based… …

    Wikipedia