limited liability company

A company — statutorily authorized in certain states — that is characterized by limited liability, management by members or managers, and limitations on ownership transfer. — Abbr. L.L.C.

— Also termed limited-liability corporation. [Cases: Corporations 3. C.J.S. Corporations §§ 5–7, 62.]

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词条贡献者

法律翻译Jack，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重大诉讼案件有关的法律文件。