: liability (as of a stockholder or shipowner) limited by statute or treaty
Examples of limited liability in a Sentence
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The properties were purchased in limited liability companies.—Kenneth R. Gosselin, Hartford Courant, 21 July 2025 Filed in Wayne County Circuit Court, the lawsuit names Eric Vander Ley and Daniel Vander Ley, both of Detroit, along with 17 limited liability companies that the attorney general says were created to mimic existing Ferndale businesses.—Nour Rahal, Freep.com, 9 July 2025 However, with a limited liability company (LLC) prevalent in the U.S., owners are responsible for its debts.—Peter Boolkah, Forbes.com, 8 July 2025 The 156-acre mountaintop property sold for $1.1 million in 2019, according to Realtor.com -- purportedly to a limited liability company with ties to Maxwell.—Michael Ruiz, FOXNews.com, 14 July 2025 See All Example Sentences for limited liability
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