: liability (as of a stockholder or shipowner) limited by statute or treaty
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In early 2023, the Turkey Leg Hut’s limited liability company filed for bankruptcy, with documents showing the restaurant would no longer occupy its original location.—Jasmine Browley, Essence, 14 Jan. 2025 One proposal was for a deal between Eric Trump Wineries and a limited liability company that would use the Trump name under a license agreement, two of the people said.—Jennifer Jacobs, CBS News, 10 Jan. 2025 These entities include nearly all business entities such as corporations, limited liability companies, limited partnerships and the like.—Jay Adkisson, Forbes, 29 Dec. 2024 The measure's supporters said it was designed to address the country's growing popularity as a venue for criminals to launder illicit funds by setting up entities like limited liability companies under state laws without disclosing their involvement.—Nate Raymond, USA TODAY, 27 Dec. 2024 See all Example Sentences for limited liability
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