Definitions
Wiktionary
- adj. law Of a business entity, having liability for legal claims that is limited to the assets of the entity itself, and which therefore does not reach the assets of the individual owners/investors of the company.
Examples
“Bill Yahn of Corcoran Group Palm Beach represented the buyer, who bought the home in a limited-liability company.”
The Wall Street Journal: Former Katharine Hepburn Estate Is Listed by Builder Sciame
“Photos: Private Properties Lance Gerber Mr. Thiel, 43, who co-founded PayPal and was an early Facebook investor, bought the 1.7-acre Makena property through a Delaware limited-liability company.”
The Wall Street Journal: Peter Thiel Buys Maui Home For a Record $27 Million
“Mr. Thiel bought the 1.7-acre Makena property through a Delaware limited-liability company.”
“The sellers, through a Wyoming limited-liability company, were Dan Huish, founder of private-label laundry- and dish-product maker Huish Detergents, and his wife, Kim.”
The Wall Street Journal: Peter Thiel Buys Maui Home For a Record $27 Million
“Estate planners advised Ms. Petter to transfer all the UPS stock to a limited-liability company.”
“The practice lets individuals and businesses contribute in excess of state limits by donating through multiple business interests, most often limited-liability corporations.”
The Washington Post: O'Malley venture capital plan draws skepticism from legislators
“Mr. Milner bought the home through a limited-liability company; the home wasn't on the market, according to people familiar with the deal.”
“The purchases were made through two limited-liability companies, but the sales documents for both were signed by Ms. Wozniacki's mother, Anna, who played on Polish women's national volleyball team.”
“Mr. Errico bought through a limited-liability company and Mr. Crichton's estate owned through a trust.”
The Wall Street Journal: Private Islands and Estate in Italy Ask $263 Million
“Through his limited-liability company Tahoe Estates, he bought parcels along three different areas of the lake that year.”
The Wall Street Journal: The Nation's Most Avid Trophy-Home Buyer?
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