SAVE 10% ON YOUR ORDER! EXPIRES MAY 31, 2021. AT CHECKOUT, USE DISCOUNT CODE: XM10
Limited Liability Company Definition
A feature shared by LIMITED LIABILITY COMPANIES and CORPORATIONS by which a person's accountability for loss due to the debts, obligations or liabilities of a company is limited to the amount the person paid for the Stock Shares or Membership Interest (or otherwise invested in the company); provided that the person did not personally guarantee the debts of the Entity or commit fraud or other illegal dealings.