Question

what do you mean by limited liability ​

Answer 1

$\huge{\underline{\underline{\huge{\bold{Answer\: :-}}}}}$

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.

$\huge \blue {@BangtanIndia }$

Answer 2

Answer:

Limited liability is a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership.

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.