NounWikipedia has an article on: Limited liabilityPlural limited liabilities limited liability (plural limited liabilities)
Related termsFrom Wiktionary under the GNU Free Documentation License. Limited liability is where a concept of 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. In other words, if a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. This usually takes the form of that person's dividends in the company being zero, since the company has no profits to allocate. 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). Although a shareholder's liability for the company's actions is limited, the shareholder may still be liable for its own acts. For example, the directors of small companies (who are frequently also shareholders) are often required to give personal guarantees of the company's debts to those lending to the company. They will then be liable for those debts in the event that the company cannot pay, although the other shareholders will not be so liable. This is known as co-signing. From Wikipedia under the
GNU Free Documentation License  lawadvice.ws admin Sat, 26 Dec 2009 19:35:20 GM It took another ten years or so before other states caught on. Once they did, the mad rush was on to pass legislation allowing for the creation of LLCs in.  vcexperts.com unknown Mon, 21 Dec 2009 15:19:35 GM low-profit . limited liability. company ("L3C") is a new form of business entity that is a hybrid with both "not-for-profit" and "for-profit" characteristics. While an L3C must be formed and operated primarily for charitable or educational ...  californiabusinesslawyerblog.com Steven Peck Sat, 19 Dec 2009 14:15:00 GM For example, if you are driving a vehicle and you negligently injure someone, your personal assets will be exposed to creditor claims whether you are doing business as a sole proprietorship, a . limited. partnership, a . limited liability. ... From Google Blog Search: "limited liability"  gotoforms.com 225px x 225px | 6.70kB [source page] From Yahoo Image Search: "limited liability" Can an LLP, a Limited Liability Partnership decide to have unanimous voting? Q. Can an LLP, a Limited Liability Partnership decide to have unanimous voting? More details: Using the membership agreement, I am told, that anything can be written into that agreement, can an LLP decide to lock rules so that they cannot be changed? Asked by greenwoman4u - Mon Jan 7 14:44:52 2008 - - 4 Answers - 0 Comments A. Good luck with the homework. Answered by gt750boy - Mon Jan 7 14:53:05 2008 Options Pricing Theory Why limited liability shares of an insolvent firm may still trade at a positive value? Q. Refer to option pricing theory to explain why the limited liability shares of an insolvent firm might still trade at a positive value (even if the market was strong-form efficient). Noting that both share-holders and debt-holders of a firm in this position have potentially competing interests. What strategy does the theory suggest that the firm should follow to maximise the pecuniary outcome for share-holders? Asked by lib - Sat Nov 10 02:07:27 2007 - - 1 Answers - 0 Comments A. Equity being inherent ownership without liability you assume a situation where in simple mathematical expectancy, having only one part of two that result in a product that is a non-zero number creates positive expectancy for the shareholder, even in insolvency, thus the equity should also have a non-zero value. As for the firm? If you're looking for a single answer, like if this is for some homework, I have no clue without looking at the content of the book. It really depends on the situation details on what kind of restructuring they would go through with and such. For a case study on such a matter take a look at Calpine Corporation, a bankrupt power company based in California that is still trading, but is now delisted and trades OTC. [cont.] Answered by Dr. Daniel - Sat Nov 10 03:52:39 2007 What is the difference between a Corporation, a Limited Liability Company, and a Limited Partnership?
Q. I am working on starting a 501(c)3 and part of it is filing for a business name. Which type of corporation is a non-profit? Asked by K R - Tue Sep 22 01:31:39 2009 - - 1 Answers - 0 Comments A. Even corporation and LLC falls under companies act, Corporations are incorporate under special act of Union Govt in India.. Limited partnership companies incorpated under LLP act Answered by Making Waves... - Tue Sep 22 10:04:50 2009 From Yahoo Answer Search: "limited liability" |
