What is limited liability protection?

Answer Businesses can be set up to have limited liability status. This gives companies the flexibility to have protection like larger companies while not being considered one by the U.S. Internal Revenue ... Read More »

Top Q&A For: What is limited liability protection

What is the difference between a limited liability corporation&a limited liability partnership?

A limited liability partnership (LLP) and a limited liability company (LLC) contain elements of a general partnership combined with liability protection for the business owners. In states like Cali... Read More »

What type of liability should a game shop have Unlimited or limited liability?

Get what you can afford. If it is limited, talk to the agent about what would be considered a safe amount.

What Is a Limited Liability Bond?

Limited liability bonds are issued by a public agency, city or state and circumvent legislated debt limits. They are long-term debts paid only from specified revenue, generally from the income gene... Read More »

What does the term limited liability mean?

In business, "limited liability" means that a company owner or investor has no liability beyond her investment. In other words, if the company goes bankrupt or loses a lawsuit, she can lose whateve... Read More »