Speakur

Word Pronunciation & Dictionary

limited liability company

Word Rarity Uncommon

Frequency: Zipf frequency 4.09 in modern English

Syllables
lim-it-ed li-a-bil-i-ty -com-pa-ny
IPA
40
Scrabble Score
23
Letters
10
Syllables
13
Unique Chars

Meaning

noun

A type or form of for-profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that regardless of potential losses or even bankruptcy of the corporation, individual shareholders will bear a maximum liability of the price they paid for their shares.

Example Sentences

Inflected Forms

limited liability companies (plural)

Phrases

limited company limited liability

Frequently Paired Words

limited company limited liability

Synonyms

LLC Ltd Ltd.

Questions

What does limited liability company mean?
A type or form of for-profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that regardless of potential losses or even bankruptcy of the corporation, individual shareholders will bear a maximum liability of the price they paid for their shares.

How to pronounce limited liability company

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  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
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