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FrançaisLimited liability
A situation whereby the liability of a party within the company is limited to some extent. There are many forms of limited liability companies. For instance, corporations normally limit share holder liability to the amount invested in a business, while limited partnerships may hold only one or several designated partners personally liable yet limiting the liability of other partners. Most jurisdictions required that a business with limited liability indicate this by using a recognized symbol, such as Incorporated (Inc.), Limited (Ltd.) or Sociedad Anónima (S.A.).
