What is the definition of an "unlimited company"?

Answer

An unlimited company is a firm in which the owners of the company accept unlimited liability for its financial obligations. This is also known as an unlimited liability company.

An unlimited company can be either a sole proprietorship or general partnership. According to Business Dictionary, in an unlimited liability company, the partners, owners or stockholders accept personal and unlimited liability for potential debts and obligations of the company. They accept unlimited liability because they avoid double taxation that occurs on a limited company, when the financial liability of a shareholder is limited to the par value of his shares. Unlimited companies are also exempt from having to file their annual accounts with a public authority.

Q&A Related to "What is the definition of an "unlimited company..."
For us at. Blossom. ( https://www.blossom.io. retention is a key indicator of whether we do a good job or not. I believe. Cliff Gilley. 's answer is very much spot on. Retention is
http://www.quora.com/Lean-Startups/What-is-your-co...
Unlimited liability is a type of investment in which a partner or
http://www.chacha.com/question/what-is-the-definit...
definition of national company.
http://wiki.answers.com/Q/What_is_the_definition_o...
moving company: a company that moves the possessions of a family or business from one site to another
http://www.kgbanswers.com/whats-the-definition-of-...
Explore this Topic
An unlimited company is alternately called an unlimited liability company. It is a hybrid company incorporated either with or without a share capital, but the ...
An unlimited government is a government that has a dictator that makes up all the laws, and the citizens have no power over him or her. It can be further defined ...
The definition of a monopoly is the exclusive possession or control of the supply or trade of a commodity or service by a single company or group. Basically, a ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com