0
Where to go to find value of petro-Lewis certificate of limited partnership?
Wiki User
∙ 10y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is limited Liability insurance?
Limited liability is a concept whereby a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).
Can a pvt limited company be a partner in partnership firm?
Liability of a Pvt limited Company is limited - a mith. The fact is that liability of a share holder of a limited company is limited to the extent of value of the shares. In other words, the other assets of the shareholder can not attached for default of the company. So the liability of a limited company is limited to the assets of the company, not limited to the face value of the shares. On the other hand the partner of a partnership company has unlimited liability. i.e., the assets of the partner can be attached in case of default. Similarly, when a pvt limited company is a partner the liability of the company is unlimited and to the extent of assets of the company not to the assets of individual shareholders. So a limited company is a legal entity and can become a partner or proprietor of a firm.
What is true for a limited partnership?
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.
Four differences between limited liability company and partnership?
1.In a Limited Liability Company the liability of the Directors is limited to the extent of in the value of the shares held by them in the company. In a Partnership firm the liability of the partners is in proportion to their profit sharing ratio. 2.The directors in a Limited Liability Company may or may not be shareholders in the company.They could be executive directors on salary. The partners in a partnership firm are the co owners of the company in proportion of capital employed individually. 3.The directors in a Limited Liability company earns salary.They are not liable individually in case of losses in the company. In a Partnership Firm the Partners earns salary (remuneration), Interst on capital employed in the business and a share of profit. 4.The terms and conditions and the the nature of business to be done by a Limited liability company is covered in the Memorandum and Articles of association. The same is covered by a Partnership deed in a partnership firm. The Profit and loss sharing ratio,remuneration to be paid and interest to be paid to partners is mentioned explicitly in the deed.
What are the advantage and disadvantage a private limited company as against a partnership?
Partnership is between any two or more persons joining together for some activity , and all liability is on the partners. A private limited company is a different entity formed by a group of persons or other companies(Not more than fifty) with a liability limited to their share value
WHAT is true for a limited liability partnership?
The partner with unlimited liability is generally the initial person who started the partnership and owns the majority of the company. Unlimited liability means if the company fails, files for bankruptcy and you owe debts; then your personal assets can be seized such as your home, car, contents of your bank accounts to pay off the debts. The other partner(s) are only liable for their investment in the company.
What is the value of a us blue ink silver certificate?
What is the value of a us blue ink 2 dollar certificate
Whs t is the value of a 5 dollar 1936 silver certificate?
The value of the 5 dollar 1936 silver certificate is not available because there was no certificate of this denomination issued in 1936. The certificate is most likely a fake.
When was Quotable Value Limited created?
Quotable Value Limited was created in 2005.
What is the value of series 651 Military Payment Certificate 1.00 denominationI?
What is the value of series 651 Military Payment Certificate 64
Is ACCA is certificate?
Yes ACCA is Profeesional Certificate, with hogh level Value in Cerificates
The monetary value that is printed on the stock certificate is called the?
par value
