limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Examples of limited liability in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Renters do not qualify, and the properties must be owned by an individual rather than an entity such as a limited liability company, corporation, or irrevocable trust. — Hugh Cameron, MSNBC Newsweek, 18 Aug. 2025 State records show Cicero-Hamlin has registered four affiliated, limited liability companies since 2018 under the SHEBA name, which stands for the Society of Human Engagement and Business Alignment. — Edmund H. Mahony, Hartford Courant, 17 Aug. 2025 To carry out the abusive tax shelter, McPhee and his co-conspirators first instructed clients to restructure their business as a multi-member limited liability company (LLC), with 98% owned by a business trust and 2% personally owned by the client. — Kelly Phillips Erb, Forbes.com, 8 Aug. 2025 The main business entities are: Sole proprietorship, limited liability company (LLC), C-Corporation (C-Corp) and S-Corporation (S-Corp). — Jasmin Suknanan, CNBC, 22 July 2025 The 156-acre mountaintop property sold for $1.1 million in 2019, according to Realtor.com -- purportedly to a limited liability company with ties to Maxwell. — Michael Ruiz, FOXNews.com, 14 July 2025 Filed in Wayne County Circuit Court, the lawsuit names Eric Vander Ley and Daniel Vander Ley, both of Detroit, along with 17 limited liability companies that the attorney general says were created to mimic existing Ferndale businesses. — Nour Rahal, Freep.com, 9 July 2025

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

Rhymes for limited liability

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Browse Nearby Words

limited fee simple
limited liability
limited liability partnership
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Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 7 Jul. 2026.

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More from Merriam-Webster on limited liability

Britannica.com: Encyclopedia article about limited liability

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