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Two members of an LLC have company credit cards issued in their names- is the corporation responsible for the total debt on either card or the individual to whom the card was issued?
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Does a co-operative have limited liability?
Limited liability means that owners of a corporation or members of a cooperative are not personally responsible for the debts the company incurs. It also means that if the company should do something that's against the law, the owners or members can't be held personally responsible.
What does the designation PA stand for in Florida business names?
Title XXXVIBUSINESS ORGANIZATIONSChapter 621PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIESView Entire Chapter 621.12 Identification with individual shareholders or individual members.-- (1) The name of a corporation or limited liability company organized under this act may contain the last names of some or all of the individual shareholders or individual members and may contain the last names of retired or deceased former individual shareholders or individual members of the corporation, limited liability company, a predecessor corporation or limited liability company, or partnership. (2) The name shall also contain: (a) The word "chartered"; or (b)1. In the case of a professional corporation, the words "professional association" or the abbreviation "P.A."; or 2. In the case of a professional limited liability company, the words "professional limited company" or the abbreviation "P.L.," in lieu of the words "limited company" or the abbreviation "L.C." as otherwise required under s. 608.406. (3) In the case of a corporation, the use of the word "company," "corporation," or "incorporated" or any other word, abbreviation, affix, or prefix indicating that it is a corporation in the corporate name of a corporation organized under this act, other than the word "chartered" or the words "professional association" or the abbreviation "P.A.," is specifically prohibited. (4) It shall be permissible, however, for the corporation or limited liability company to render professional services and to exercise its authorized powers under a name which is identical to its name except that the word "chartered," the words "professional association" or "professional limited company," or the abbreviations "P.A." or "P.L." may be omitted, provided that the corporation or limited liability company has first registered the name to be so used in the manner required for the registration of fictitious names.
At what point does a company or firm make bylaws?
A company or firm makes bylaws when the company becomes a corporation or a limited liability company. Bylaws generally contain: (a) business structure; (b) board of director details; (c) corporation members; (d) duties of corporation members; (e) frequency of meetings; (f) and percentage of ownership.
What is a gatekeeper in the buying center?
Gatekeeper --The individual responsible for the flow of information to the other members of the buying center
What is the responsibility of the Pension Benefit Guaranty Corporation?
If a company defaults on its retirement benefit obligations to its members or their dependents, the PBGC assumes liability.
What is an insurance company that does exclude a member?
Your question is unclear as written. An insurance company that is formed as a stock company does not have "members"; it is owned by its shareholders like any other corporation. However, a "mutual" insurer is owned by it policyholders by virtue of their status as policyholders. In that respect, they might be deemed to be "members"/
What is INCS?
incorporatedINC stand for Incorporated.This means a company is legally in business and their are specific stipulations in regards to protection of the owners,CEO and or board members. In a corporation, stockholders, directors and officers typically are not liable for their company's debts and obligations. They are limited in liability to the amount they have invested in the corporation.
Does the corporation of commission have 5 elected members?
Yes. The Arizona Corporation Commission has five members, each elected to four-year terms.
Who is responsible for writing documentation for the Linux operating system?
Members of the Linux Documentation Project. Individual package maintainers write manual pages for their software.
Is a shareholder an employee of a corporation?
A shareholder can be an employee of a company; although is isn't necessary to be an employee to be a shareholder. Company Board members can vote to designate a certain number of shares to employees as a bonus or company benefit. Or, an employee can purchase shares independently.
Who are the members of a company?
the members of a company are the people who are in it
What is family corporation?
A family corporation is a type of business entity that is owned and operated by members of a family. It is usually structured in a way that allows family members to have ownership and control over the company. Family corporations are commonly used to pass down wealth and assets to future generations and maintain family control over the business.
