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What is the difference in Liability for an advisory board member vs a statutory board member?
Wiki User
∙ 8y ago
Advisory board members do not usually have authority to make decisions or governing responsibilities and, as such, should have no liability. "Statutory members" is not a phrase with which I am familiar but if it refers to governing board members, they do have authority to make decisions and can be held liable.
Wiki User
∙ 8y ago
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What is the first of three advisory groups to the Board of Governors?
Federal Advisory Council, consisting of one member from each Reserve Bank.
What is Difference between limited liability company and limited liability company?
A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.
What is the difference between limited liability and unlimited liability company?
A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.
What type of civic activities is David Goode involved in?
member of the Business Advisory Committee of the Transportation Center at Northwestern University, Business Council, Business Roundtable, Coal Industry Advisory Board.
What is the difference between company and limited liability company?
A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.
In Indiana can a non profit board be changed from an advisory board to a working board without member approval?
yes
Where can one find information regarding a single member llc?
A single-member LLC is a liability company with only one member. One can find information on a single-member LLC including tax information and forms at the IRS official website.
What board positions does Morris Chang hold?
Chang is a member of the MIT Corporation and is on the advisory boards of the U.S. Stock Exchange, Stanford University, and the University of California at Berkeley.
Do independent bookkeepers need liability insurance?
Yes. It is not usually law or compulsory but rather recommended. Many associations for bookkeepers will not accept you as a member if you for not have liability insurance and in some cases also indemnity insurance too.
Application form for non member vacancy in government bodies of India?
IS THERE IS VACANCU IN GOVERNMENT BODIES OF INDIA NON MEMBERS WHO TO APPLY IN COMMITTE/ADVISORY BOARD PLEASE REPLY
Statutory protection given to paying banker?
Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.
Is a married woman that is a gifted member of a Limited Liability Company at risk of losing interest when filing bankruptcy in a community property state?
If it has value, and can be transferred or liquadated with that value used to pay those who are owed money in the BK, I can't see why it wouldn't be. Nor why it shouldn't be. Limited Liability Companies are set up to limit liability in these situations similar to a corporation. If you are in bankruptcy or sued, generally creditors cannot take assets of the LLC if you are a limited member.
