limited liability company

[/ˈlɪmɪtɪd laɪəˈbɪləti ˈkʌmpəni/]

nounpl: limited liability companies

sociedade de responsabilidade limitada

1. A business structure in which owners' personal liability is limited to their investment in the company, and the company is a separate legal entity

He decided to form a limited liability company to protect his personal assets from business debts.

Ele decidiu formar uma sociedade de responsabilidade limitada para proteger seus bens pessoais das dívidas comerciais.

2. A form of business organization that combines elements of corporate and partnership structures, often abbreviated as LLC

The limited liability company structure is popular among small business owners in the United States.

A estrutura de sociedade de responsabilidade limitada é popular entre pequenos empresários nos Estados Unidos.

Synonyms

Antonyms

Regional Variations

General Brazilian

sociedade de responsabilidade limitada / LTDA

Most common form; often abbreviated as 'Ltda.' after company name

São Paulo

sociedade limitada

Frequently used in business registration and commercial contexts

Portugal

sociedade por quotas de responsabilidade limitada

Portuguese legal terminology; may also be referred to as 'Lda.'

to have limited liability

to shield from liability

to separate personal and business assets

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