1. A legal principle where the liability of shareholders or members is restricted to the amount of their investment in a company, protecting their personal assets from company debts
Limited liability means that investors cannot lose more than the amount they invested in the company.
Responsabilidade limitada significa que os investidores não podem perder mais do que o valor que investiram na empresa.
2. The protection of company owners from personal responsibility for debts or legal obligations of the business
The LLC structure provides limited liability protection to its members.
A estrutura de LLC fornece proteção de responsabilidade limitada aos seus membros.