Unlimited company: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Add category.) |
||
| (2 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
Abbreviation for Unlimited liability company. | Abbreviation for Unlimited liability company. | ||
An unlimited liability company is a company where the members may be called upon to pay any amount if the company goes into liquidation. In other words the liability of the members of the company is unlimited. | |||
An unlimited liability company is a company where the members may be called upon to pay any amount if the company goes into liquidation. | |||
In other words the liability of the members of the company is unlimited. | |||
The company, though, is still a separate legal person. | The company, though, is still a separate legal person. | ||
In an unlimited UK company, there is no obligation to file accounts. | In an unlimited UK company, there is no obligation to file accounts. | ||
Such a company can only be registered as a private company. | Such a company can only be registered as a private company. | ||
== See also == | == See also == | ||
* [[Limited company]] | * [[Limited company]] | ||
* [[Private company]] | * [[Private company]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 11:03, 11 April 2018
Abbreviation for Unlimited liability company.
An unlimited liability company is a company where the members may be called upon to pay any amount if the company goes into liquidation.
In other words the liability of the members of the company is unlimited.
The company, though, is still a separate legal person.
In an unlimited UK company, there is no obligation to file accounts.
Such a company can only be registered as a private company.
