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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.

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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


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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.


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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.


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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.


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


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