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because it limits your liability to the amount of shares that you hold. So if you hold 100 shares for £1 each, then your liability to the company's creditors is £100 (if you have not already given that to the co when you got your shares)
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What are advantages of incorporating a business?
The single largest advantage of incorporating a business -- the reason most companies do it -- is limited liability. Limited liability is a critical business advantage in today's litigious world. If you do not incorporate and your business is sued you can be held liable for all damages. The claimants can take your personal assets, e.g. your home and your car, even if they are completely unrelated to the business. If you are incorporated (and it holds up in court, i.e. the lawyers don't "pierce your corporate veil") then only the assets of the business can be seized.
What is the most important overall source of short-term business financing both in the US and worldwide?
Small business loans are the most common source of business financing in the US and around the world. Small business loans are available with terms as short as 6 months or longer.
Does altruism have a place in the world of business?
Altruism definitely does have a place in the business world, Private business contributes enormous amounts of goods time and money to causes all over the world.
What is meant by the term stake holder in the business world?
In the business world, the term "stakeholder" refers to the person, group of people, or organization that has money tied to or interest in a business.
What is the most successful business in the world?
unknown business of Carlos Slim Helu
What does the initials ltd stand for?
In the business and legal world "ltd" means limited, referring to a form of incorporation with limited liability.
What are advantages of incorporating a business?
The single largest advantage of incorporating a business -- the reason most companies do it -- is limited liability. Limited liability is a critical business advantage in today's litigious world. If you do not incorporate and your business is sued you can be held liable for all damages. The claimants can take your personal assets, e.g. your home and your car, even if they are completely unrelated to the business. If you are incorporated (and it holds up in court, i.e. the lawyers don't "pierce your corporate veil") then only the assets of the business can be seized.
What in the world is commercial general liability?
Commercial general liability is an insurance policy that protects a business against lawsuits that pertain to bodily injury and property damage that may have come from the business.
Why is it important to have competition in the business world?
define compotition in the business world
What are the importance of English in the business world?
how does English become important in today's business world/
Why globalization is important in business world?
Globalization refers to the way in which the world has becomes more interconnected and "smaller". It is important in the business world as globalization allows for much more profit.
Liability Insurance?
form_title=Liability Insurance form_header=Ensure that your assets are properly protected from any lawsuits that may be brought against your company. Liability insurance can safeguard against several known and unknown risks. Type of liability insurance needed?= {(),Business Liability Insurance,Property Liability Insurance,Commercial Liability Insurance,Professional Liability Insurance,Directors and Officers Liability Insurance,Product Liability Insurance,Other,Not Sure} Have you ever had liability insurance before?= () Yes () No Business Type:=_ Years in business:= {(),0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,More}
What is the Meaning of corporeal?
Corporate is a business or entity which has separate legal personality, with limited liability or unlimited liability for its members or shareholders, who buy and sell their shares/stocks depending on the performance of the board of directors. Pertaining to corporations. Corporations are the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, called incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnership.
Who were Alonzo Henson Chloe spear and Josiah waddle?
Former slaves who became important in the African American business and social world
Why is Socialism important in today's business world?
Sochialism is dumb
What is important when explaining an idea in the business world?
Clarity of explanation
How important production function to people to the bushiness world?
The production function is very important to the people in the business world. This is because all forms of business rely on production in one way or another.
