Many entrepreneurs choose to form limited liability companies to protect their personal assets while pursuing new ventures.

The auditor found that the company's current liability had been understated, which could mislead investors about its short-term solvency.

After the audit, the board was concerned that the company's current liabilities had risen faster than expected, threatening short-term solvency.

She leaned against her li'l' ole porch railing and watched the sunset with a contented sigh.

I parked my li'l ol' car under the maple tree.

That li'l' old cafe on the corner still has the best coffee in town.

We stopped by the li'l ole diner for a slice of homemade pie.

I stopped by the li'l old café down the lane for a cup of tea.

That li'l' ol' house at the end of the lane has the coziest kitchen.

That li'l' pup followed me home.