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What are the major differences between cooperative and limited liability companies?


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2014-12-30 16:31:44
2014-12-30 16:31:44

Limited liability is a type of liability that cannot exceed the amount that has been invested in a partnership or limited liability company. Limited liability protects personal assets from the risk of being seized to satisfy creditor's claims, debts and other obligations. For privately or publicly held corporations, a shareholder's responsibility for the company's debts is limited to the par value of paid up shares. The company itself as a legal entity is liable for the rest.

A cooperative is a jointly owned enterprise engaged in production and distribution of goods, supplying services, farmers, or building ownership. It has no such protection unless it takes the legal steps necessary to form a business entity that can access limited liability.


Related Questions

There are too many differences to answer that question. To many variables that affect premiums.

What are the similiarities and differences between cooperative business and joint stock business

similarities between a limitted liability company and a partnership

Public limited companies usually have a more diverse allocation of shares amongst a wide circle of shareholders. A retailers' cooperative is a ty pe of cooperative which employs economies of scale (the cost advantages that a business obtains due to expansion) on behalf of its retailer members.

Listed compnies are invariably public companies. All public companies may not go in for listing.

Co operative companies give shares to their workers, so as you work for the company, shares are given out. Sometimes these companies will give more shares the longer you work for them. Limited liability companies issue shares either on the sotck market, where anyone can buy them, or to those inside the company themselves.

In order to find out what the major companies are and what the differences between said companies are, you are going to have to talk to a representative from each company and ask questions in order to do a comparison.

i think so that public limited companies are for the use of common peoples, for public.butthe cooperative organizations are to help out these public limited companies to solve their problem.

There are four main differences between a partnership and a corporation. Those differences are how liability is distributed, how taxes are assessed, the flexibility of running and selling the business, and how it raises capital.

They are two different jeans companies.

Preemptive multitasking is when the operating system preemptively interrupts a current task without cooperation. Cooperative multitasking is when the system must be programmed to do tasks.

a consumer can get it products from a producer and the producer can make it's own product for example : supermarket get it's goods from a factory and the factory makes it's products to sell

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There are more differences. One of the more important is Limited Liability. The members of an Limited Liability Company ARE NOT personally liable for the debts accumulated by the Limited Liability Company. The partners of an partnership ARE personally liable for the debts accumulated by the partnership. However there are also other differences.

The liability of owners is limited to the extent of their contribution is Limited companies whereas in other forms of business the liability of owners is unlimited.

I think the difference is only geographic location and penetration of target audience.

The motive of a partnership is to make profit while in co-oprative society is to improve the economic interests of membres.

Differences between multinational and domestic companies are found in the legal and economic structure. Also, exchange rate risks are different.

Both private and public companies have limited liabilities- so it is not useful to state that as a difference. The difference between a PRIVATE company (Pty Ltd) and a public company (ltd) is that in a private company- the maximum number of people that can have shares in the company is 100 in which they have to be invited by the company. With PUBLIC companies, they are on the stock exchange market (In Australia the ASX) in which they have an unlimited number of shareholders and shares are issued via prospectus etc.

There is no difference between Contingent Liability and Off Balance Sheet Liability.

Mutual funds and commercial banks have very little in common. There are many differences between them. A mutual fund invests in several different companies at the same time. A commercial bank holds moneys for individuals and companies.

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