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A separation can also limit liability, Mr. Gerber said.
"We behave like a corporation and stay anonymous to limit liability," Ms. Lucida said.
Therefore, a motion to limit liability under the statute would fail, she added.
But no one is sure what companies must do to avoid or at least limit liability.
Unlike credit card companies, who limit liability to $50, PayPal will not help you get your money back.
The biggest insurer of the buildings has asked a federal court to limit liability to half that amount.
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In general, corporations, limited liability companies and limited partnerships must file with their state.
What is this private or public limited liability?
(For instance, they featured limited liability for passive investors).
Andersen in America is a limited liability partnership.
Partnerships can now offer limited liability and issue tradable shares.
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