A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

A form of business organization with the liability-shield advantages of a ... partnership Many states allow a business form called the limited liability company (LLC). The LLC arose from business ...

Limited liability close Limited liability When the business owner or owners are only responsible for business debts up to the value of their financial investment in the business. provides a ...

SDI Productions / Getty Images A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. Members must be related by blood, adoption ...

Investopedia / Hilary Allison GmbH is an abbreviation of the German phrase “Gesellschaft mit beschränkter Haftung,” which means “company with limited liability.” It’s a suffix used ...