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What does the term limited liability mean in corporate context?
Wiki User
∙ 11y ago
Yes you are correct. Limited means limited liability for the owners or principles of the company.
It does not however limit the liabilities of the company itself. only the principles personal assets are protected.
Wiki User
∙ 9y ago
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What does professional limited liability co mean?
A limited Liability company is a Corporate variant wherein the investors enjoy legal protection of ones personal assets from the potential losses of the corporate venture.
What does LLC mean after someone's name?
Depending on the context, these initials could mean limited liability company (LLC).
What does limited liability mean to corporations mean?
When an investor's liability is limited only to the initial investment
What does LLC mean?
Limited Liability Company.
What does Class LLC mean?
Limited Liability Corporation.
What does LP mean after company name?
The suffix is LLP, and it stands for Limited Liability Partnership. It is a corporate structure designed to provide the protection of a "C" corporation with the tax benefits of a "Subchapter S" corporation.
What does llc after a company's name mean?
Limited Liability Corporation
What does company designation AS mean in Norway?
Limited company. Meaning their liability is limited by shares or guarantee.
What does pllc mean after doctor's name?
Professional Limited Liability Corporation.
What does PLLP mean after an attorneys name?
Professional Limited Liability Partnership
What does ltd stand for?
Private Limited Company are on type of limited company. Thier business name ends in limited or LTD. In a business context, it is the abbreviation for "Limited", which in turn, is a short form of "Limited Partnership". The LTD designation is intended to give others who are doing business with the entity that at least one member of the partnership is a limited, rather than a general partner. In some countries it may be Limited Liability Liability Corporation, meaning about the same as "Inc." or "Corp." at the end of a corporate name in the U.S. in the UK a limited company is an entity in its own rights. There are various forms of limited companies. The company's memorandum and articles spell out what liability the directors and shareholders have should anything go wrong with the company or the company is wound up and the assets need to be divided. LLP is a modern form of a company were partners come together to form a Limited Liability Partnership (Companies Act 2006 UK).This type of company/partnership is used by solicitors. In specific contexts (such as performance of various sorts) it can also mean Life To Date. For example, "LTD, this mutual fund has achieved a 5% annualized return".
What does 'p and l' mean in the insurance context?
Property and liability (P & L) insurance
