What is meant by limited liability? Whose liability is limited?

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What is meant by “limited liability”? Whose liability is limited?

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The Law And Business Administration In Canada

ISBN: 9780133251678

14th Edition

Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill

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Question Posted: Mar 16, 2024 11:01 PM

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What is meant by limited liability? Whose liability is limited?

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Limited liability is a legal concept that refers to the extent to which owners or investors in a business entity are personally responsible for the debts obligations and liabilities of the entity Unde...View the full answer

The Law And Business Administration In Canada

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