A commercial company formed by a small number of partners whose capital is divided into equal, accumulative, and indivisible shares. Liability is limited to the contributed capital, and therefore, in case of debts, it is not answered with the personal property of the partners. Based on the principle of limited liability of the partners to the amount of their contribution, it is dedicated to carrying out commercial activities.
« Back to Glossary IndexLLC (Limited Liability Company)
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