Limited Liability
Revision as of 18:17, 24 May 2019 by Maksim-Smelchak (talk | contribs)
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Limited Liability or Ltd. is an old Terran form of corporation, and still broadly recognized across charted space.
- It is a kind of Business Charter.
Description (Specifications)
Limited Liability: A limited company is a separate legal entity from its owners: the organization shields them from personal liability. In the event a company gets into financial trouble or declares bankruptcy, its owners are not personally liable for the debt.
History & Background (Dossier)
No information yet available.
References & Contributors (Sources)
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- Traveller Wiki Editorial Team
- Author & Contributor: Lord (Marquis) and Master of Sophontology Maksim-Smelchak of the Ministry of Science