Business Studies, asked by rinkugolchha, 5 months ago

difine limited libality

Answers

Answered by gardenheart653

Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or limited liability company (LLC). In other words, investors' and owners' private assets are not at risk if the company fails.

Answered by ZYNDAA

Answer:

the condition by which shareholders are legally responsible for the debts of a company only to the extent of the nominal value of their shares.

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