Limited Liability

From Traveller Wiki - Science-Fiction Adventure in the Far future
Jump to: navigation, search

Limited Liability or Ltd. is an old Terran form of corporation, and still broadly recognized across charted space.

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)

62px-Information icon.svg.png This article is missing content for one or more detailed sections. Additional details are required to complete the article. You can help the Traveller Wiki by expanding it.

This article was copied or excerpted from the following copyrighted sources and used under license from Far Future Enterprises or by permission of the author.