limited liability companies

A form of limited liability company — 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.

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Meanings

noun
  1. pluralplural of limited liability company
Cite this entry
APA

limited liability companies. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/limited%20liability%20companies

MLA

“limited liability companies.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/limited%20liability%20companies. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “limited liability companies,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/limited%20liability%20companies.

Source: limited liability companies on Wiktionary, CC BY-SA 4.0.