limited liability company

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limited liability company

noun limited liability companies

  1. 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. Near-synonyms: Ltd, Ltd.

    Similar: LLC, Ltd, Ltd.

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MLA

"limited liability company." Wiktionary, via Micwyn, micwyn.com/word/limited%20liability%20company. Accessed 6 Nov. 2026.

APA

limited liability company. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/limited%20liability%20company

Chicago

"limited liability company." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/limited%20liability%20company.

BibTeX
@misc{limited_liability_company_2026,
  title = {limited liability company},
  howpublished = {Wiktionary, via Micwyn},
  year = {2026},
  url = {https://micwyn.com/word/limited%20liability%20company},
  urldate = {2026-11-06}
}