What is an Unlimited Liability company?

What is an Unlimited Liability company?
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What is an Unlimited Liability company?
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Explain the following terms/concept : Unlimited Liability company

Description : Explain the following terms/concept : Unlimited Liability company

Last Answer : Explain the following terms/concept : Unlimited Liability company

(i) The liability of shareholders of the company is unlimited.

Description : (i) The liability of shareholders of the company is unlimited.

Last Answer : Correct the underlined word and rewrite the following sentences : (i) The liability of ... dormant company is opposite to a Holding company.

SHCIL was established in 1986 under the Government of India as __________ A. Private Ltd B. Public Ltd C. Limited Liability Partnership D. Unlimited company E. None of the Above

Description : SHCIL was established in 1986 under the Government of India as __________ A. Private Ltd B. Public Ltd C. Limited Liability Partnership D. Unlimited company E. None of the Above

Last Answer : B. Public Ltd Explanation: Stock Holding Corporation of India Limited(SHCIL) was established in 1986 under the Government of India as public limited company.

The liability of members if company is limited by shares A. Unpaid value of shares B. Guarantee amount C. Unlimited liability D. None of the above

Description : The liability of members if company is limited by shares A. Unpaid value of shares B. Guarantee amount C. Unlimited liability D. None of the above

Last Answer : B. Guarantee amount

The liability of members if company is limited by guarantee. A. Unpaid value of shares B. Guarantee amount C. Unlimited liability D. None of the above

Description : The liability of members if company is limited by guarantee. A. Unpaid value of shares B. Guarantee amount C. Unlimited liability D. None of the above

Last Answer : A. Unpaid value of shares

A LLP is a new form of legal business entity with unlimited liability.

Description : A LLP is a new form of legal business entity with unlimited liability.

Last Answer : FALSE

A LLP is a new form of legal business entity with unlimited liability.

Description : A LLP is a new form of legal business entity with unlimited liability.

Last Answer : FALSE

Which company offers the cheapest unlimited cell phone service?

Description : Which company offers the cheapest unlimited cell phone service?

Last Answer : The cheapest cell phone service for unlimited calling would be Cricket which is $25 a month for talk, text and caller ID. That is the cheapest plan out there for unlimited cell phone service. The thing ... of is that the cheapest service does not mean the best. Generally you get what you pay for.

Which cell phone company has the cheapest unlimited plan?

Description : Which cell phone company has the cheapest unlimited plan?

Last Answer : Currently T-Mobile has the cheapest unlimited plan. You can get an unlimited text, data, and voice plan for $99

Which of these must hold a Statutory Meeting ? (A) Public Limited Company (B) Private Company (C) Unlimited Company (D) All of these

Description : Which of these must hold a Statutory Meeting ? (A) Public Limited Company (B) Private Company (C) Unlimited Company (D) All of these

Last Answer : Answer: Public Limited Company

Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ? (A) Public Company limited by shares (B) Unlimited companies (C) Private companies limited by shares (D) Companies limited by guarantee

Description : Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ? (A) Public Company limited by shares (B) Unlimited companies (C) Private companies limited by shares (D) Companies limited by guarantee

Last Answer : Answer: Public Company limited by shares

Maximum number of members in public limited company is ---------------. A. 10 B. 20 C. 50 D. unlimited

Description : Maximum number of members in public limited company is ---------------. A. 10 B. 20 C. 50 D. unlimited

Last Answer : D. unlimited

Reserve bank of India is a/an _______. A. statutory corporation. B. company limited by guarantee. C. company limited by shares. D. unlimited company.

Description : Reserve bank of India is a/an _______. A. statutory corporation. B. company limited by guarantee. C. company limited by shares. D. unlimited company.

Last Answer : A. statutory corporation.

what is a A rate liability company

Description : what is a A rate liability company

Last Answer : You can search using AM Best's web site: http://www3.ambest.com/ratings/entities/search.aspx

Limited Liability Company Worksheet?

Description : Limited Liability Company Worksheet?

Last Answer : Get StartedThere are several types of business entities which can be formed. It is recommended that you read Operating Agreement. This document is similar to a partnership agreement, because it ... not be actively managing the LLC. Consult an attorney or other advisor for further information.

What is the benefit of forming a Limited Liability Company, and how would I start the process?

Description : What is the benefit of forming a Limited Liability Company, and how would I start the process?

Last Answer : The main benefit of a Limited liability company is that the owners of the LLC, called "members," are protected from some or all liability for acts and debts of the LLC depending on state shield laws. You would start the process by contacting an attorney.

What are the advantages of being a limited liability company?

Description : What are the advantages of being a limited liability company?

Last Answer : A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.

Will a liability release form keep me from getting sued if an employee gets hurt driving the company car?

Description : Will a liability release form keep me from getting sued if an employee gets hurt driving the company car?

Last Answer : There is no need to have your employees sign a liability release form. All you have to do is check with your insurance company to make sure you are covered with liability insurance.

What are the local laws for starting my own limited liability company?

Description : What are the local laws for starting my own limited liability company?

Last Answer : You can find the laws for starting your own limited liability company by visiting your state's government website and searching for laws and regulations under the business category. You can also go to ... .com and they will help you fill out the proper paperwork for the creation of your company.

Why should you make your small business a limited liability company?

Description : Why should you make your small business a limited liability company?

Last Answer : The move to a limited liability company completely depends on the type of small business they own. For most small businesses, turning into a limited liability business is worthwhile.

Benefits of a Limited Liability Company?

Description : Benefits of a Limited Liability Company?

Last Answer : Business owners shoulder the burdens of costs and taxes. The U.S. tax code is millions of words long. Figuring out which parts of the code apply or do not apply is a herculean task. Small ... a limited liability company or LLC. Under the protection of an LLC, business owners are not personally l

Limited Liability Company; A Viable Alternative?

Description : Limited Liability Company; A Viable Alternative?

Last Answer : A limited liability company, otherwise known as an LLC, is a kind of business that is best described as a hybrid of corporate structure and a lower liability partnership. Limited liability does ... can avoid certain forms of income tax and legal attacks. Limited liability companies, for most inte

Liability of a Company Secretary is– (A) Contractual only (B) Statutory only (C) Civil only (D) Both contractual and statutory

Description : Liability of a Company Secretary is– (A) Contractual only (B) Statutory only (C) Civil only (D) Both contractual and statutory

Last Answer : Answer: Both contractual and statutory

Which one of the following statements about preparation of financial statements of a limited liability company is correct ? (A) Financial statements should be prepared according to the cash basis of accounting only (B) Financial statements should be prepared according to the accrual basis of accounting only (C) Financial statements should be prepared according to either the cash basis or accrual basis of accounting (D) Financial statements should be prepared according to both the accrual and cash basis of accounting

Description : Which one of the following statements about preparation of financial statements of a limited liability company is correct ? (A) Financial statements should be prepared according to the cash basis ... Financial statements should be prepared according to both the accrual and cash basis of accounting

Last Answer : Answer: Financial statements should be prepared according to the accrual basis of accounting only

The liability of the shareholders of a public limited company is limited to the extent of– (A) Par value of the share (B) Paid up value of the shares (C) Market price of the shares (D) Intrinsic value of the shares

Description : The liability of the shareholders of a public limited company is limited to the extent of– (A) Par value of the share (B) Paid up value of the shares (C) Market price of the shares (D) Intrinsic value of the shares

Last Answer : Answer: Paid up value of the shares

A principal purpose of a letter of representation from management is to a. Remind management of its primary responsibility for financial statements. b. Serve as an introduction to company personnel and an authorization to examine the records. c. Discharge the auditor from legal liability for his examination. d. Confirm in writing management's approval of limitations on the scope of the audit

Description : A principal purpose of a letter of representation from management is to a. Remind management of its primary responsibility for financial statements. b. Serve as an introduction to company personnel and ... . d. Confirm in writing management's approval of limitations on the scope of the audit

Last Answer : Remind management of its primary responsibility for financial statements.

A principal purpose of a letter of representation from management is to a. Serve as an introduction to company personnel and an authorization to examine the records. b. Discharge the auditor from legal liability for his examination. c. Confirm in writing management's approval of limitations on the scope of the audit. d. Remind management of its primary responsibility for financial statements.

Description : A principal purpose of a letter of representation from management is to a. Serve as an introduction to company personnel and an authorization to examine the records. b. Discharge the auditor ... the scope of the audit. d. Remind management of its primary responsibility for financial statements.

Last Answer : Remind management of its primary responsibility for financial statements.

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______ (A) Realisation Account (B) Bank Account (D) Liability Account (D) Creditors Account

Description : When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______ (A) Realisation Account (B) Bank Account (D) Liability Account (D) Creditors Account

Last Answer : (A) Realisation Account

Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are true and R is the correct explanation of A B. Both A and R are true but R is not a correct explanation of A C. A is true but R is false D. A is false but R is true

Description : Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are ... correct explanation of A C. A is true but R is false D. A is false but R is true

Last Answer : D. A is false but R is true

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to (A) Realisation Account (B) Bank Account (C) Liability Account (D)None of the above

Description : When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to (A) Realisation Account (B) Bank Account (C) Liability Account (D)None of the above

Last Answer : (A) Realisation Account

If the current assets and working capital of a company are rs.80,000 and rs.50000 then current liability will be------------- a) Rs.1,00,000 b) Rs.1,30,000 c) Rs.70000 d) Rs.30000

Description : If the current assets and working capital of a company are rs.80,000 and rs.50000 then current liability will be------------- a) Rs.1,00,000 b) Rs.1,30,000 c) Rs.70000 d) Rs.30000

Last Answer : d) Rs.30000

How would you permanently kill and seal a volcano, using current science but with unlimited resources at your disposal?

Description : How would you permanently kill and seal a volcano, using current science but with unlimited resources at your disposal?

Last Answer : You could drop a mega mega ton hydrogen bomb down it’s throat but I don’t think it would be possible since you are dealing with a weak spot in the Earth’s crust. (You know, the old “Irresistible force meets immovable object” thing.)

You are given an unlimited amount of money for 24h, after this time your bank account goes bank to normal, What do you spend your money on?

Description : You are given an unlimited amount of money for 24h, after this time your bank account goes bank to normal, What do you spend your money on?

Last Answer : buy our first house, buy two cars for my dad and my brother, buy five phones for each of us, donate to all the orphanages in my country and outside, buy all the lands near us lol

Is it loitering to read a novel on a bus all day if you also have a monthly unlimited bus pass?

Description : Is it loitering to read a novel on a bus all day if you also have a monthly unlimited bus pass?

Last Answer : Unless there's a rule against it, I think it's allowed to sit on the bus reading all day, if you have an unlimited bus pass. Riding the bus for fun and exploration is also allowed with a pass. ... a nice library instead. Personally, I tend to get motion sick when I read too much in a moving vehicle.

Are there any disadvantages to using a lot of data when you have a cell phone plan with unlimited data?

Description : Are there any disadvantages to using a lot of data when you have a cell phone plan with unlimited data?

Last Answer : answer:You ignore the people around you a lot. I can’t think of a technical problem, except you reduce battery life.

How would you design a super computer If you had unlimited funds?

Description : How would you design a super computer If you had unlimited funds?

Last Answer : Design the architecture from the ground up.

If you had unlimited resources, money, and time, what would you do and why?

Description : If you had unlimited resources, money, and time, what would you do and why?

Last Answer : I would buy softwares/games/books then post them online for free, because everyone loves free things.

Can you think of any item you have ever purchased that came with an unlimited lifetime warranty?

Description : Can you think of any item you have ever purchased that came with an unlimited lifetime warranty?

Last Answer : I have only heard of one such item, and they really do back it up. I really would like to know if other items have such backing.

Has the recent Supreme Court decision on unlimited campaign financing dealt the final death blow to USA democracy?

Description : Has the recent Supreme Court decision on unlimited campaign financing dealt the final death blow to USA democracy?

Last Answer : It’s time for a revolution.

Should I give up my "grandfathered" unlimited data plan?

Description : Should I give up my "grandfathered" unlimited data plan?

Last Answer : answer:It seems that you have already figured it out by analyzing your average data consumption. My wife and I had unlimited grandfathered in through Verizon. But I ended up ditching it because I ... would consider keeping it is if you were anticipating a large increase in your average data use.

Music membership accounts that I can download unlimited music?

Description : Music membership accounts that I can download unlimited music?

Last Answer : I’m not aware of any. This is part of the reason why piracy is so rampant. The music industry seems absolutely hell bent against going with what the music buying public actually wants.

Are there any airlines that offer unlimited monthly or annual domestic flight tickets?

Description : Are there any airlines that offer unlimited monthly or annual domestic flight tickets?

Last Answer : I found this. I don't know what the fares are like. Many many many years ago I remember hearing about unlimited passes with American Airlines I think, but the passes were quite expensive. Some things ... up flying standby, I am just saying if that is part of the deal take that into consideration.

If you had unlimited funds, is this alright or is it all wrong?

Description : If you had unlimited funds, is this alright or is it all wrong?

Last Answer : Can you be more specific about what you’re referring to with “this”? I’m not really sure I’m seeing what you’re seeing. Pictures of kids partying or someone in a luxurious apartment don’t seem all that wild to me, even if I couldn’t or wouldn’t spend my money that way.

What is a good unlimited secure international calling plan?

Description : What is a good unlimited secure international calling plan?

Last Answer : Skype.

Why should voters be protected against unlimited free speech for corporations?

Description : Why should voters be protected against unlimited free speech for corporations?

Last Answer : answer:In my opinion yes, we need to limit corporations and what they can do to influence elections. It's one thing for them to openly state their position on an issue, and even donate to a ... of open debates or something of that nature. All this outside money has just ruined our political system.

If you had unlimited budget and professional staff to help, what would the setting and landscape be like around your ideal house?

Description : If you had unlimited budget and professional staff to help, what would the setting and landscape be like around your ideal house?

Last Answer : answer:For starters, a lovely water feature with a waterfall and fish. Lots of big trees, an Italian garden, and a vegetable garden big enough for canning and sharing with the neighbors. And a big fence all ... I'm not fond of swimming, but I might put in a pool too because it's good exercise.

What are some fun ways to start using tons of data on my AT&T unlimited data plan?

Description : What are some fun ways to start using tons of data on my AT&T unlimited data plan?

Last Answer : Play tons of games.

What's a good, low cost, unlimited-minute cell phone plan?

Description : What's a good, low cost, unlimited-minute cell phone plan?

Last Answer : Straight Talk – the cell service provided by WalMart. It runs on Verizon’s towers, so you have awesome coverage, and the unlimited plan is $45 a month. No contracts. I have the $30 phone – the cheapest – and it’s perfect for me!

What's the best ecommerce solution with unlimited product uploads?

Description : What's the best ecommerce solution with unlimited product uploads?

Last Answer : Zencart or Magento maybe, ive never dealt with ecommerce but ive heard good things about both of those.

What is the best unlimited cell phone plan?

Description : What is the best unlimited cell phone plan?

Last Answer : The free one: Google Voice.