Question

how does the concept of limited liability assist big companies to exist in a country​

Answer 1

Answer:

Under the concept of limit

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Answer 2

Concept of limited liability really helps big companies to survive in a country.

The feature of limited liability is designed particularly to help company owners and members to reduce their liabilities. In a company that has limited liability as one of its features, the liability of the members is limited to the share they have in the business or the guarantee given by them. The feature of limited liability assists members of big companies to reduce their liabilities and helps them to survive in risky business markets. Since big companies deal with large sums of money, the risk for the members is also high. However in limited liability company, their risk is reduces because their liability is reduced and the risk of going bankrupt also reduces.