limited liability corporation
11limited liability company — Legal entity that is a special kind of corporation. A limited liability company offers shareholders the limitations on personal liability that are available to stockholders in C or S corporations. At the same time, limited liability companies are …
12limited 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… …
13Limited 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 …
14Unlimited liability corporation — Unlimited Liability Corporations exist in two of Canada s 10 provinces Alberta (AULCs for Alberta Unlimited Liability Corporation) and Nova Scotia (NSULCs for Nova Scotia Unlimited Liability Company). Alberta Unlimited Liability Corporations… …
15limited 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… …
16limited 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.… …
17limited liability company — noun 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… …
18Uniform Limited Liability Company Act — The Uniform Limited Liability Company Act (ULLCA), often mistakenly referred to as the LL corporation . The ULLCA includes its 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute),… …
19private limited liability company — noun A limited liability company that is not a public corporation …
20limited partnership — see partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. limited partnership …
