A limited liability company (LLC) limits its members’ liability at the amount of the company’s liability to the amount to which the company is liable to the member. For example, if I own 100 shares in the company and the value of each share is NIS 1, then I am liable for the company’s debts up to NIS 100, whereas shareholders in a regular company are liable for the company’s entire debt to its creditors.
What is the difference between a limited liability company (LLC) and a regular company?
Posted on November 3, 2014