A company the owners (shareholders) of which are liable, should the company be unable to meet its debts, only for the share they hold in it. Limited liability was first allowed for certain types of company in 1720, after the collapse of the South Sea Company, and has been available to all companies since 1862.
What is Company Formation?
company formation
in Collins Dictionary of Economics
the process of forming a JOINT-STOCK COMPANY, which involves a number of steps:
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the drawing up of a MEMORANDUM OF ASSOCIATION;
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the preparation of ARTICLES OF ASSOCIATION;
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application to the COMPANY REGISTRAR for a CERTIFICATE OF INCORPORATION;
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the issue of SHARE CAPITAL;
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the commencement of trading.
limited liability company
Creating a Limited Liability Company
- Creating an LLCAn LLC is often the best choice if you want to limit your personal liability as the owner of a small business. (Having limited liability means that being a member of an LLC doesn’t normally expose you to legal liability for business debts and court judgments against the business.)
Books
International Directory of Company Histories by When students, job candidates, business executives, historians, and investors need accurate and detailed information on the development of any of the world's largest and most influential companies, direct them to International Directory of Company Histories. This multi-volume work is the first major reference to bring together histories of companies that are a leading influence in a particular industry or geographic location. Each three- to five-page entry is meticulously detailed with facts gathered from popular magazines, academic periodicals, books, annual reports, and the archives of the companies themselves. Entries provide information on founders, expansions and losses, labor/management actions, NAICS codes, key dates, ticker symbol, principal subsidiaries, principal divisions, principal operating units, principle competitors, and other significant milestones -- all peppered with statistics, dates and names of key players. Vols. 1-6 are organized alphabetically by major industries; Vol. 7 and subsequent volumes are arranged alphabetically by company name within each volume. The histories were compiled from publicly accessible sources, as well as from material supplied by the companies themselves. Entries on companies that have had major changes since they were last profiled may be selected for updating.
Call Number: eBOOKISBN: 9781410364128Publication Date: 2019-02-08