Is Limited Liability An Ingenious Device

Is Limited liability an ‘Ingenious device’?

What does ‘Limited Liability’ mean? Limited liability (LL) presupposes that the debts of the company are separate from the debts of its investors and has been dubbed an ‘ingenious device’ by legal experts. This is because the company is a distinct legal personality, separate from its shareholders. The ingenuity of Limited Liability The most compelling arguments for […]

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