Difference between revisions of "Limited liability"

Revision as of 09:01, 21 December 2018

Limited liability is freedom of stockholders from personal liability for the debts of their corporation or limited liability company.

Limited liability. Freedom of stockholders from personal liability for the debts of the corporation.

Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.

Revision as of 11:55, 20 December 2018 (view source) Gary (talk \| contribs) (Created page with "Limited liability is freedom of stockholders from personal liability for the debts of the corporation. ==Definitions== According to College Accounting: A Practical App...")		Revision as of 09:01, 21 December 2018 (view source) Gary (talk \| contribs) Newer edit →
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−	[[Limited liability]] is freedom of ~~stockholders~~ from personal liability for the debts of ~~the~~ corporation.	+	[[Limited liability]] is freedom of [[stockholder]]s from personal liability for the debts of their [[corporation]] or [[limited liability company]].