Requested Ministry-wise PIB releases

Saturday, 20 December 2014

Term of the Day limited liability

Type of investment in which a partner or investor cannot lose more than theamount invested. Thus, the investor or partner is not personally responsible for the debts and obligations of the company in the event that these are not fulfilled.
Learn more about this term
Usage Example
Many entrepreneurs create limited liability companies so they are not individually held responsible in the event of the company is sued.
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