(Difference between pages)
imported>Doug Williamson |
|
| Line 1: |
Line 1: |
| Abbreviation for Limited liability company.
| | == Summary == |
| | | Importing files from local file repository |
| | |
| 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).
| |
| | |
| | |
| == See also == | |
| * [[Limited liability]]
| |
| * [[Public limited company]]
| |
| * [[Unlimited company]]
| |
| | |
| [[Category:Accounting,_tax_and_regulation]]
| |
| [[Category:Compliance_and_audit]]
| |
Latest revision as of 09:28, 27 July 2023
Summary
Importing files from local file repository
