unlimited company

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unlimited company

a species of registered company whose members have an unlimited liability for the debts of the company so that the personal fortunes of members are at risk. This is balanced by certain advantages in that such companies do not have to deliver their accounts to the Registrar of Companies and have more freedom to deal with their capital than limited companies.
References in periodicals archive ?
However, HRI has become fully liable for all obligations of both entities, which were re-registered as unlimited companies, and most reinsurance contracts have been commuted or novated to HRI.
ezW2 Correction 2016 is now able to print multiple year W2 and W3 Correction forms for unlimited companies on plain white paper for customer convenience," said Halfpricesoft.
Easily handles complex reporting requirements; consolidates unlimited companies by sharing accounts, regions, departments, etc.