limited company
Liability-capped enterprise
A limited company is a business structure, common in British and Commonwealth legal systems, in which the owners' financial liability is restricted to the amount they have invested.
If the company fails, shareholders cannot be forced to pay its debts from personal assets.
This protection encourages investment by capping potential losses.
She registered her consulting firm as a limited company.
The abbreviation Ltd. after a company name indicates this status.
Exposing concealed reality
- alter egoA secondary persona
- fraudIntentional criminal trickery
- comminglingBlending what should separate
- controlAuthority to direct
subsidiary · disregard · abuse · concealment · instrumentality · sham · undercapitalization
Abbreviation for capped liability
- PLCIndustrial automation computer
- GmbHGerman limited company designation
- subsidiaryOf lesser importance
One's owned valuables
- creditorsThose owed payment
- debtsSums owed to others
- obligationsRequired responsibilities
- exposureState of being unprotected
risk · claims · protection · separation · insolvency · bankruptcy · default · damages
Profits paid to shareholders
- profitGain exceeding expenditure
- lossBeing without something
- equityImpartial treatment or ownership value
- assetsOwned items of value
balance sheet · audit · accounts · taxation · turnover · valuation · retained earnings · reserves
Officially recording a company
- bylawsOrganization's internal regulations
- registration feeCost to formally enroll
- filing requirementsMandated submission standards
- corporate nameRegistered business title
founders · public record · annual return · compliance · striking off
Owners of company stock
- directorsThose who lead organizations
- boardFlat rigid panel
- officersThose holding authority
- secretaryAdministrative office aide
members · voting rights · annual meeting · proxy · minority shareholder · majority shareholder · quorum · resolution
piercing the veil
Exposing concealed reality
- alter egoA secondary persona
- fraudIntentional criminal trickery
- comminglingBlending what should separate
control · subsidiary · disregard · abuse · concealment · instrumentality · sham · undercapitalization
Ltd
Abbreviation for capped liability
- PLCIndustrial automation computer
- GmbHGerman limited company designation
- subsidiaryOf lesser importance
personal assets
One's owned valuables
- creditorsThose owed payment
- debtsSums owed to others
- obligationsRequired responsibilities
exposure · risk · claims · protection · separation · insolvency · bankruptcy · default · damages · recovery
dividends
Profits paid to shareholders
- profitGain exceeding expenditure
- lossBeing without something
- equityImpartial treatment or ownership value
assets · balance sheet · audit · accounts · taxation · turnover · valuation · retained earnings · reserves · distribution
business registration
Officially recording a company
- bylawsOrganization's internal regulations
- registration feeCost to formally enroll
- filing requirementsMandated submission standards
corporate name · founders · public record · annual return · compliance · striking off
shareholders
Owners of company stock
secretary · members · voting rights · annual meeting · proxy · minority shareholder · majority shareholder · quorum · resolution · fiduciary duty
- businessesbusiness, bank, bakery, enterprise, firm
- business entitiescorporation, LLC, sole proprietorship, partnership, subsidiary
- legal entitiescorporation, law firm, LLC, nonprofit, partnership
- business lawbusiness law, commercial law, corporation, commercial code, S corp
- corporate lawincorporation, shareholders, corporate governance, shares, corporation
- organizationsorganization, organizations, club, clubs, association
limited companygeneral partnership
Jointly owned, jointly liable business
sole proprietorship · sole trader · general partner · freelancer
limit, limited, limiting, limits, limitless, limitation, limitations, limiter, unlimited