what does limited liability company mean
Best Answer: Limited liability means that the owners (cause it has to be more than one individual) is not responsibile for the debts of the organisation, but rather they are only responsible for the capital they put into it in the beginning, or anytime during the operation of the company.est Answer: Limited liability means that the owners (cause it has to be more than one individual) is not responsibile for the debts of the organisation, but rather they are only responsible for the capital they put into it in the beginning, or anytime during the operation of the company.