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Q: Define limited liability?
A:
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User: Define limited liability?

Weegy:


User: Define private corporation?

Weegy: A private corporation, more commonly called a privately-held company, is a company whose shares are not traded on the stock market.


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Asked 2/2/2012 3:12:51 PM
Updated 8/18/2014 7:02:29 AM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [8/18/2014 7:02:18 AM], Confirmed by jeifunk [8/18/2014 7:02:20 AM], Edited by jeifunk [8/18/2014 7:02:29 AM]
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Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.
Added 8/18/2014 6:55:59 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/18/2014 7:02:34 AM]
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