limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Examples of limited liability in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The exact ownership of Trump’s meme coins is hidden behind opaque limited liability companies. Tom Wilson and Michelle Conlin, USA TODAY, 3 Feb. 2025 During Tuesday’s hearing, Republicans frequently mentioned the 199A passthrough deduction, which allows businesses structured as partnerships, sole proprietorships, S-corporations and limited liability companies to deduct around 20 percent of their income. Tobias Burns, The Hill, 14 Jan. 2025 To pay for the new expenses, the bill would have eliminated some corporation tax cuts to tech and pharmaceutical industries, made short-term rentals pay the state’s hotel tax, and tightened a tax break for limited liability company owners that pay lower income tax rates. J.d. Davidson | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 20 Dec. 2024 The money allegedly came from Baker and Emily Mayfield’s personal accounts as well as from Team BRM LLC, the couple’s limited liability company. Michael McCann, Sportico.com, 26 Nov. 2024 See all Example Sentences for limited liability 

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

Dictionary Entries Near limited liability

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 14 Feb. 2025.

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