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imported>Doug Williamson |
imported>Administrator |
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| In a limited liability company the liability of the members is restricted to a predefined amount.
| | A straight line relationship; the forecast or other dependent variable increases as the independent variable decreases. |
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| 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.
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| Almost all commercial companies are of this type.
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| 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).
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| Often abbreviated to 'limited company'.
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| The purpose is to encourage enterprise by reducing the risk of personal bankruptcy.
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| Balancing the benefits of limited liability for the members, the company itself must prepare and file financial and other information at the companies registry, to enable creditors and others to access data relevant to the creditworthiness of the organisation.
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| == See also == | | == See also == |
| * [[Bankruptcy]] | | * [[Positive linear relationship]] |
| * [[Companies registry]]
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| * [[Creditors]]
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| * [[Creditworthiness]]
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| * [[Guarantee]]
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| * [[Limited liability]]
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| * [[Limited liability partnership]]
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| * [[Member]]
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| * [[Public limited company]]
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| * [[Share]]
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| * [[Unlimited company]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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Revision as of 14:20, 23 October 2012
A straight line relationship; the forecast or other dependent variable increases as the independent variable decreases.
See also
