since i don't have that much capital to start the only thing i can start is something internet related and there are so many scams out there i don't know where to go can someone uide me?...
I'm a single Mum at home, & have just started selling new childrens clothes on Ebay. I'm starting up small & hoping to get bigger. But I'm starting to wonder if it is actually ...
I'm looking for something to do from home to make a little extra money, and I can type really fast. But it seems like everything is a scam. Every place I look at wants you to pay $99 to sign up, ...
im looking for a job to work at home, i have 2 young babies and i dont have any income coming in to pay my bills or daycare. so if anyone know of any real work at home jobs where i dont have to pay ...
My husband makes fairly good money however I need to bring in some income to help and for things to not be so tight. With two kids I want to make sure we are okay. So does anyone know of anything ...
Most companies go out of business after the first five years not to mention you have to pay more in taxes and have to have so much capital to start out with. So how can a regular person be self-...
hi, i recently asked if anyone here was looking for investment in starting up a new business but didnt find anything, so does anyone know where i can invest
Charity is not a business to make profit for themselves, profit is fora cause.
Limited company is for profit but the owner have the limited liability to it's debtors.
kombat601
For a lagal definition goto a search engine and type in company house, there website has the full legal definition for LTD, PLC's and so on.
mancunian_nick
Well a normal limited company simply means that if a company goes bankrupt or out of business, the company is responsible for the debts rather than the directors - hence limited.
I do voluntary work for a local timber recycling company. It is not a charity but the official designation is a not-for-profit company limited by guarantee. That is similar in that the company is guaranteed to be worth x amount (no idea what it is in our case) so any liability would be limited to that amount.
Does that help? If not do as the other answerer I've read so far said and take a look at Companies House website.
alatoruk
public limited (plc) means the shares are open to the PUBLIC and their liability (should the company go bust) is LIMITED to the money they have paid for their shares.
unlike a private limited (ltd) which means the shares are owned PRIVATEly and their liability (should the company go bust) is LIMITED to the money they have paid for their shares. (although in practise this doesn't work because lenders ask for Directors Guarantees so if the company goes under the Directors end up paying anyway).
and how it relates to a charity, it doesn't.
they are a completely different legal entities regulated by the charities commision.
joe
Read Alotoruk answer again. It is a good description of public and private limited companies and as he said charities are different legal entities.
Stygian
plc's have shareholders, like banks. You or I can own a bit. Limited companies are privately owned. Ltd means limited liability, the company is responsible for its debts not the shareholders or directors. It's no different for charities, their ltd companies must produce the same accounts and pay the same tax as any other but they can claim more back. That's about it!
rockinbrock2000
not sure
Alex P
i think the limited part refers to limited responsibility . companies are obviously trying to make money and sometimes to do that involves taking risks ie investing in various projects investing on the stock market etc in doing so there is the potential to lose vast sums of money other peoples money - shareholders etc - . basically if that was the case the company only has a limited responsibility to pay back the money lost . this encourages companies to keep taking chances etc. something like that.
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