Limited Liability Corporation
A registered company/corporate form in which shareholders' exposure to company debts is legally limited, anchored here to the mid-1850s British limited-liability and joint-stock company statutes.
Core metadata
- ID: corporation_limited_liability
- Era: Industrial
- First known date: 1855 (exact)
- Region: United Kingdom; later Europe, North America, and other industrializing legal systems
- Review status: source_checked
- Maturity: established
Prerequisites
Dependents
Fields
Field lanes
- Finance & Markets: Institutions & Law
Node sources
- The Limited Liability Act 1855 (legislation.gov.uk, 1855, official_agency) • Supports: node, maturity
- Joint Stock Companies Act 1856 (Irish Statute Book / Office of the Attorney General, 1856, official_agency) • Supports: node, maturity
- Limited liability (Encyclopaedia Britannica, 2026, textbook) • Supports: node, maturity
- A new understanding of the history of limited liability: an invitation for theoretical reframing (Journal of Institutional Economics / Cambridge University Press, 2020, review) • Supports: node
Prerequisite edge evidence
Edge/source evidence summary:
- Prerequisite edges: 2
- Average edge confidence: 80%
- Prerequisite sources: 2
- primary_source: 1
- textbook: 1
| Prerequisite | Type | Confidence | Evidence level | Note | Sources |
|---|---|---|---|---|---|
| Ancient Written Law Codes (codified_law) | common_dependency | 74% | textbook | Limited-liability companies depend on statutory company law and registration rules, but ancient written law codes are a broad legal-system dependency rather than the direct historical invention. |
|
| Joint-Stock Companies (joint_stock_companies) | historical_predecessor | 86% | primary_source | The 1855 and 1856 UK statutes applied limited liability through the joint-stock company registration framework. |
|
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