Limited company and Redundancy: Difference between pages

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Abbreviation for Limited liability company.
1. ''Risk management''.


Intentional overcapacity in any system, to act as a backup in case of failures or unexpected future demand.


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.
2. ''Risk management.''


Almost all commercial companies are of this type.
Intentional repetition in communications or data, so that if part of a message is lost or corrupted, the communication will still be understood.




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).
3.


Unnecessary or wasteful repetition or overcapacity.


The purpose is to encourage enterprise by reducing the risk of personal bankruptcy.


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.
4.
 
The ending of an employment at the instigation of the employer.




== See also ==
== See also ==
* [[Bankruptcy]]
* [[Black swan]]
* [[Companies registry]]
* [[Employer]]
* [[Company]]
* [[Guide to risk management]]
* [[Creditors]]
* [[Heuristic]]
* [[Creditworthiness]]
* [[Last in first out]]
* [[Limited by guarantee]]
* [[Optimisation]]
* [[Limited liability]]
* [[Probability]]
* [[Limited liability partnership]]
* [[Risk]]
* [[Public limited company]]
* [[Stress test]]
* [[Unlimited company]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Technology]]

Revision as of 22:32, 6 May 2020

1. Risk management.

Intentional overcapacity in any system, to act as a backup in case of failures or unexpected future demand.


2. Risk management.

Intentional repetition in communications or data, so that if part of a message is lost or corrupted, the communication will still be understood.


3.

Unnecessary or wasteful repetition or overcapacity.


4.

The ending of an employment at the instigation of the employer.


See also

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