Limited liability: Difference between revisions
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imported>Charles Cresswell No edit summary |
imported>Doug Williamson m (Spacing 22/8/13) |
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The restriction of an investor's potential losses to the amount invested. Limited liability is one of the important advantages of incorporation. | The restriction of an investor's potential losses to the amount invested. | ||
Limited liability is one of the important advantages of incorporation. | |||
Less commonly in the commercial context, a company member's liability may alternatively be limited to an amount guaranteed by the member. | Less commonly in the commercial context, a company member's liability may alternatively be limited to an amount guaranteed by the member. | ||
== See also == | == See also == | ||
Revision as of 11:22, 22 August 2013
The restriction of an investor's potential losses to the amount invested.
Limited liability is one of the important advantages of incorporation.
Less commonly in the commercial context, a company member's liability may alternatively be limited to an amount guaranteed by the member.
