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  1. Osome Singapore
  2. Business Vocabulary
  3. Limited Liability

Limited Liability

Limited liability — a method of company organization that reduces the financial liability of the owner to a fixed amount, usually equal to his investment in the company. It protects the owner from risking his personal funds and being sued, as a company with limited liability has a separate legal entity. One can set up a company in Singapore with limited liability (LLC) or a limited liability partnership (LLP).

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