Limited Liability
Revision as of 11:17, 13 February 2018 by Alagoric (talk | contribs) (→References & Contributors / Sources)
Ltd. is an old Terran form of corporation, and still broadly recognized across charted space.
- Business term & 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