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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
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∙ 16y ago
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What is unlimited reliability in a business?
adfsdf
What does boundless mean?
Boundless can mean unlimited. You have boundless energy means you have unlimited ammounts of energy.
The owner has unlimited liability but collects all the profits from a business?
When an owner has unlimited liability and collects all of the profits for the business they are considered a sole proprietor. They can make all of the decisions about the business without dealing with a partner.
Where can one find reviews of Fitness Unlimited?
Reviews about Fitness Unlimited can be found from a different websites like Fitness Unlimited review for women on Yelp, and Fitness Unlimited review on Business Bureau.
How do you get unlimited money?
type your name as wanah and you get unlimited money
Different with limited liabilities and unlimited libilities?
The difference with limited liabilities and unlimited liabilities is in the extent of the liabilities. Limited liabilities will only hold one's shares in the business but unlimited liability will have access even to personal wealth which is different from the business.
What type of business is checks unlimited?
Checks unlimited is a type of business that offers personal and business checks online. They have many great options and a large variety of checks. Their website is also very easy to use and understand.
Is buttle UK a limited or unlimited business?
its not bait yet
What does SC mean after a business name?
Service Corporation
What does the phrase 'breadsticks' mean on Glee?
It is the name of the kids' favorite restaurant where one is promised unlimited breadsticks upon request.
When filing for business licence what does entity name mean?
It's the name of your business, like Pretty Photograpy Studio or Joe's Plumbing.
What is another name for a business making money?
Viable business or thriving business. Both mean about the same thing. A business in good shape..
