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

译者Lisa，毕业于美国顶尖的高级翻译学院，擅长翻译涉及体育及娱乐业领域的法律文件。