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What does limited liablitlty mean?

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Anonymous

15y ago
Updated: 8/18/2019

In business terms it means that the owners of the business (ie shareholders) are not liable for the businesses actions. Basically, if the business were to get in debt, and become bankrupt, it would not make the owners bankrupt, just the company. The owners and the company are separate in the eyes of the law.

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Wiki User

15y ago

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