I have just learned that Wal-mart intends to close its sewing department. April 2007 the sewing area within the Knoxville, TN Wal-marts will be closed. While the supply of fabric and notions in ...
I have a great idea for a invention,or to improve a invention . I need help on how to get the plan in motion before someone eles comes up with it. I'm tried of working three jobs just to get by. ...
I filed a claim with American Airlines 3 weeks ago, they reps or rude and uninformative. They tell me one thing is policy, but when I check the web site I see that I have been misinformed. When I ...
I have a job interview tomorrow and I cannot find any information or OFFICE phone number for this company. I sent a resume thru their website, which does not work as of today. The contact number that ...
creative ideas, Like when trying to come up with a new creative marketing campaign? the word or phrase im looking for is something like a focus group but thats not it....
Do you shop at Wal*Mart?
Do you find that the merchandise is quality for the price?
If you do shop at Wal*Mart do you buy groceries and/or clothes?
Do you like Wal*Mart?...
1. It's private
2. It's limited
3. It's a company ?????
mistletoe
cannot issue shares to the public (via listing/exchange)
liability limited to nominal value of shares, i.e., say 100 shares of 1 dollar each. So if company gets liquidated, each members' liability would be upto 1 dollar; but they must have already paid it or atleast half of it in the beginning.
it has a seperate legal presence - i.e. it is considered as a seperate legal person, and action cannot be taken against its members only in limited circumstances - like towards directors if they commit fraud and those responsible for its management.
just trying to make a difference
In a limited liability company your personal financial risk will be restricted to how much you invest in the business and any guarantees you have given in order to obtain financing.
But you should remember that this type of company also brings a range of extra legal duties, including the maintenance of the company's public records, eg filing of accounts.
PS. Dee Cee's answer could be a good one if you explore each thing in turn and write about those
Naren
Refer Section 3(1)(iii) of the Companies Act
stormydays
Its a separate legal entity from the people who run it eg the shareholders can not be sued or sue. They can not be held liable for debts of the company
Its owned by private shareholders
Its financial statements are public
Elle
1.limited liability - which means they can be sued
2.shares can not be bought or sold with out permission of other share holders
3.owned by private individuals - small family run firm such as a building company.
Jonathan
I can't tell you that, it's private. Try the library, business and economics.
Homepage 
Financial
Forum 
Corporations 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
