0
What are the business with unlimited life and limited liability?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
The partnership form of business organization a. is a separate legal entity. b. is a common form of organization for service-type businesses. c. enjoys an unlimited life. d. has limited liability.?
A partnership has limited liability.
What are the characteristics of corporation?
There are some characteristic of corporation business, such as - 1. Ease to formation 2.Unlimited life 3.Limited liability 4.Separate legal entity 5.Relative ease of transferring ownership rights 6.Ease of capital acquisition 7.Professional management 8.Government regulation
What is the characteristic of corporation?
There are some characteristic of corporation business, such as - 1. Ease to formation 2.Unlimited life 3.Limited liability 4.Separate legal entity 5.Relative ease of transferring ownership rights 6.Ease of capital acquisition 7.Professional management 8.Government regulation
What does ltd stand for?
Private Limited Company are on type of limited company. Thier business name ends in limited or LTD. In a business context, it is the abbreviation for "Limited", which in turn, is a short form of "Limited Partnership". The LTD designation is intended to give others who are doing business with the entity that at least one member of the partnership is a limited, rather than a general partner. In some countries it may be Limited Liability Liability Corporation, meaning about the same as "Inc." or "Corp." at the end of a corporate name in the U.S. in the UK a limited company is an entity in its own rights. There are various forms of limited companies. The company's memorandum and articles spell out what liability the directors and shareholders have should anything go wrong with the company or the company is wound up and the assets need to be divided. LLP is a modern form of a company were partners come together to form a Limited Liability Partnership (Companies Act 2006 UK).This type of company/partnership is used by solicitors. In specific contexts (such as performance of various sorts) it can also mean Life To Date. For example, "LTD, this mutual fund has achieved a 5% annualized return".
What are the advantages and disadvantages of the corporation as a form of business organization?
Advanatages: Limited Liability, Ease of transferability, ability to raise capital, unlimited life (perpetual lifetimes) Certain expenses are tax deductible Disadvantages: Double Taxation, Forming a corporation costs more, States have higher fees, more state and federal regulations and oversight
What is the advantages and disadvantages at the limited and unlimited government?
I don't about advantages of unlimited government Disadvantages of an Unlimited government: -People have few rights and very little freedom. -They control you. -Few choices in life Advantages of an Limited government: -Citizens rights guaranteed -People can vote for leaders. Disadvantages of an Limited government: -The government have to listen to the citizens
Small Business Insurance?
form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_
Commercial Insurance?
form_title=Commercial Insurance form_header=Manage your risk with a commercial insurance policy tailored to fit your specific business needs. Number of Full Time Employees:=_ Currently Insured:= () Yes () No Years In Business:=_ Type of Insurance Needed (Check all that apply):= [] Business Owners Policy [] Commercial Auto Insurance [] Business Property Insurance [] Business Liability Insurance [] Home Business Insurance [] Workers' Compensation [] Business Umbrella Liability [] Professional Liability Insurance [] Directors and Officers Liability [] Business Identity Theft [] Group Health Insurance [] Business Life Insurance [] Key Person Life Insurance [] Agricultural Insurance [] Product Liability Insurance [] Personal Insurance [] Not Sure [] Other
What does unlimited mean in a business name?
According to wikipedia, the following is a direct quote:In the United Kingdom, an unlimited company is a company formed by registration under the Companies Act 1985 where the liability of the members is unlimited - that is, they are liable to contribute whatever sums are required to pay the debts of the company should it go into compulsory liquidation. Not surprisingly, this is not a common form of company. One example that was of significant press and political interest when it got into financial difficulties is The Equitable Life Assurance Society (company number 00037038). An unlimited company is very similar to a partnership and there are only rare occasions when it will be preferred to that alternative business model. Examples are where the company will not trade (e.g. will only be used to hold title to property), is trading but in an area where limited liability is not acceptable, secrecy concerning financial affairs is desired (an unlimited company can have fewer reporting obligations), there is a low risk of insolvency etc. They can be registered online for fees of approximately £250 plus VAT. Here is the link to the wikipedia page:http://en.wikipedia.org/wiki/Unlimited_company
What Five main characteristics of a corporation?
Limited Liability, Perpetual Life, Transferability of Ownership, Capacity to Contract and Centralized Management
What are the differences between a sole proprietorship and limited liability corporation?
In a limited liability corporation, the company is not personally liable for it, and the owners and shareholders will not get personally sued, only the company will. It has a high start up cost, and it has a long life. Sole proprietorship's have a low start up cost, generally have short life spans, and are personally liable,
How can you get unlimited life on Halo 3?
You can't. There is no glitch for unlimited life.
