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Who is legally responsible for debt the holding company or the limited company?
I think clients and public who did business with company or with company products are directly responsible legally.
Is hindustan infracon India limited company is registered legally by govt of India?
Hindustan infra is a legally company
The limited liability provided to limited partners means that they are not responsible for the debts of the business beyond?
the amount they have invested in the company.
What meaning is attached to Public Limited Company?
A Public Limited Company (legally abbreviated to PLC) is a kind of public company (publicly held company) in the United Kingdom, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited (liability) company whose shares are freely sold and traded to the public.
Legally who owns a company?
The stock holders own the company. Only if it is publically traded. There are privately owned corporations , and limited partnerships.
Is a limited liability company necessary for a small business?
If you just so happen to own your very own small business, you do not necessarily have to set up a limited liability company. It is not legally required.
Does a co-operative have limited liability?
Limited liability means that owners of a corporation or members of a cooperative are not personally responsible for the debts the company incurs. It also means that if the company should do something that's against the law, the owners or members can't be held personally responsible.
What is an anonymous society?
A rough translation to a type of company in Spanish speaking countries.A more accurate translation would be A public limited company (legally abbreviated to plc with or without full stops) is a type of limited liability company which is permitted to offer its shares to the public
Who owns hersheys candy company?
Hershey's confectionery is a Public Limited Company. It's current President and CEO is Michele Buck
What is meant by a limited partnership?
A limited partnership is a type of partnership where each limited partner has limited liability and they are only responsible for their own investment. So when the company loses money the general partners are the one's liable.
What's limited company formation?
Limited company formation is the process of forming a limited company. A limited company is a company (usually a new company) that is organized for owners having limited liability.
What does 'LP' mean when referring to a company?
Limited Partnership. It's a legal entity that is somewhere between a Partnership and a corporation. A limited partner cannot be held responsible for more company debt than his equity in the company. If you buy shares in a limited partnership, you may lose all of your investment, but the partnership's creditors cannot take you home and other assets.
