Indirect limited liability

...There are two types of partners in a limited partnership: those who have unlimited direct liability like partners in a general partnership (unlimited liability partners), and those who have joint liability (direct limited liability) to creditors up to the amount of their pre-determined investment (limited liability partners) (Commercial Code, Article 146). In contrast, partners in a joint stock company and a limited liability company only have indirect limited liability. In other words, partners in both companies are only liable up to the amount of their investment, and the company is liable to creditors, so the liability of the partner is limited to the obligation to invest in the company. ...

*Some of the terminology explanations that refer to "indirect limited liability" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…合資会社の社員には2種類あって，合名会社の社員と同様に直接無限責任を負う者(無限責任社員)と，あらかじめ決められた出資額の限度で債権者に対して連帯責任(直接有限責任)を負う者(有限責任社員)とに分かれる(商法146条)。これに対して，株式会社と有限会社の社員は，間接有限責任を負うだけである。すなわち，両会社の社員は出資額の限度でしか責任を負わず，しかも債権者に対する責任は会社が負うのであって，社員の責任は会社に対する出資義務にとどまるのである。…

※「間接有限責任」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報