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What is another word for limited personal liability?

Pronunciation: [lˈɪmɪtɪd pˈɜːsənə͡l lˌa͡ɪəbˈɪlɪti] (IPA)

Limited personal liability refers to the legal protection afforded to entrepreneurs and shareholders, shielding them from personal responsibility for the debts and obligations of a company. Synonyms for this term include "limited liability", "legal immunity", and "financial insulation". These phrases encapsulate the concept that individuals involved in a business are not personally liable for the company's financial losses or legal liabilities beyond their initial financial contribution. Alternatively, it can be described as "financial safeguarding", "corporate veil protection" or "liability limitation". Ultimately, embracing proper legal structures such as limited liability companies (LLCs) or corporations offers individuals the advantages of limited personal liability, safeguarding their personal assets while engaging in business ventures.
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What are the opposite words for limited personal liability?

Unlimited personal liability is the antonym for limited personal liability, which is a legal term that refers to the financial responsibility of an individual or entity. When an organization or person has unlimited personal liability, they are responsible for all debts and liabilities incurred by the organization or business. This means that their personal assets can be used to pay off debts in the event of a lawsuit or the organization going bankrupt. On the other hand, limited personal liability means that the owner's personal assets are not at risk in case of a lawsuit or bankruptcy. This is why many entrepreneurs and small business owners opt for limited liability companies (LLCs), to protect themselves financially while running a business.

What are the antonyms for Limited personal liability?

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