Quizzes for review
When they launched the startup, they chose to register it as a limited liability company to protect their personal assets.
See correct answer
When they launched the startup, they chose to register it as a limited liability company to protect their personal assets.
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Related words
limited liability company
Noun
(law)
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.
Japanese Meaning
株式会社：株式によって所有が分割され、株主が出資額を限度として責任を負う営利目的の法人形態。
Related Words
English - English
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