- Jun 12, 2010 2010-06-12 13:21:42
There are different types of companies that can be formed in different jurisdictions. The most common forms of company are the following: a company limited by shares, a limited-liability company, a company limited by guarantee, an unlimited liability company. Less common types of companies are charter corporations, statutory companies and companies formed by letters patent. A limited company is a company in which the liability of each shareholder is limited to the sum individually invested. A limited-liability company, i.e., L.L.C, is characterized by limited liability, management by members or managers, as well as limitations on ownership transfer. A company limited by guarantee is created for non-commercial purposes, here belong clubs or charities. Other Company limited by guarantee with a share capital is incorporated for non-profit purposes; however, the activities of the company are sponsored by investors who expect a return. An unlimited liability company is a company where the liabilities of members for the debts of the company are unlimited.
- Galesburg, Michigan
Had to stand in line long time for clerks mistake to get money refunded and said no reward as I was not charged for over pricing, what is it called for charging me for paying for item I did not have? I had one large roll of foil and charged for two. I was told to stand in line and they would bring me a receit which was the same one I had. It would have been better if they would have explained... Read more ›Was this review helpful? 0 0 2.5