Limited liability company: Difference between revisions
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imported>Doug Williamson (Create page. Source: Limited company page.) |
imported>Doug Williamson (Mend link.) |
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* [[Member]] | * [[Member]] | ||
* [[Public limited company]] | * [[Public limited company]] | ||
* [[ | * [[Share]] | ||
* [[Unlimited company]] | * [[Unlimited company]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 20:50, 18 December 2020
In a limited liability company the liability of the members is restricted to a predefined amount.
In the case of a company limited by shares the members' liability is restricted to the amount, if any, unpaid on the shares they hold.
Almost all commercial companies are of this type.
In a company limited by guarantee the liability of the members is restricted to a predefined amount which the members guarantee to contribute (on the event of any winding up of the company).
Often abbreviated to 'limited company'.
