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 ?
They use Experian's information, including top class analysis and reports, available on over 1m limited companies and over 2.2m unlimited companies in the UK.
. Unlimited companies, invoices, payments, customers and products.
- ezW2 new edition can support unlimited companies, recipients and forms with no extra charge, making it perfect for accountants, tax preparers and multi-business entrepreneurs as well as individual businesses