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