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 ?
Instead, the group structured the purchase through a newly formed unlimited company, which immediately distributed the property as a dividend to the shareholder company.
The parent company, Castlethorn Construction, has been an unlimited company for some years and does not publish its accounts.
The revelations came about when the 11-month-old racing pigeon with four gigabytes of data strapped to its leg took off from The Unlimited company's call centre in Howick in KwaZulu-Natal province to deliver the data to the company's office in Durban.
In terms of liability, the IRS noted that under Section 135 of the Nova Scotia Companies Act, during a windup, the members of an unlimited company were liable to contribute to the company's assets an amount sufficient for the payment of its liabilities together with the expense of winding up.
Desire is thus encountered, as it were, bound in its common contractual and representational shapes, from which it is released into the sort of unlimited company and liability advertised in the book's-title with a mixture of irony and gaiety.
By Order of the Board Donal Kavanagh, Director On behalf of Swiftriver Limited Cabello Unlimited Company having its registered office and its principal place of business at Suite 207, Unit 3013 Lake Drive, Citywest Business Park, Dublin 24 having ceased trading on 31st December 2018 and having no assets or liabilities has resolved to notify the Registrar of Companies that the Company is not carrying on business and to request the Registrar on that basis to exercise his powers pursuant to section 731 of the Companies Act 2014 to strike the name of the Company off the register.
The Competition and Markets Authority (CMA) has been investigating the proposed takeover by LN-Gaiety Holdings Limited - a joint venture between Live Nation Entertainment Inc (Live Nation) and Gaiety Investments - of MCD Productions Unlimited Company (MCD).
Wells Fargo & Company (NYSE:WFC) said on Wednesday that Fiona Gallagher will take over as the new chief executive officer (CEO) for Wells Fargo Bank International Unlimited Company (WFBI) from 1 October 2019.
The Simplyhealth Great Run Day will take place over that weekend when a total of around 60,000 people are already set to take part in events which also include the Simplyhealth Great North 5k on the Saturday and the first Unlimited Company Novice Wheelchair Race.
If limited liability is not required there is still an opportunity to enjoy the tax savings and benefits by becoming an unlimited company, while avoiding the administrative changes that full incorporation would bring.
Coffee Unlimited Company, trading as Starbucks, fully contested the case and the court heard there were issues of whether she had been offered a tray and of contributory negligence.
Smurfit Kappa Group plc (LSE:SKG) on Tuesday stated that its wholly-owned subsidiary, Smurfit Kappa Acquisitions Unlimited Company has commenced an offering of EUR500m senior notes due 2024.