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Text File  |  1992-09-03  |  396b  |  12 lines
  1. Limited liability is a legal safeguard that 
  2. allows shareholders to be liable for their 
  3. company's debts only up to and including the 
  4. value of their shareholding. Eg: if a limited 
  5. liability company goes bankrupt with debts of 
  6. £1 million, the shareholders are not liable 
  7. for any of that debt, although the value of 
  8. their shares in the company would be 
  9. worthless. 
  10.  
  11. Subject by: Stuart Dicker
  12.