Unlike partnerships and soleproprietorships, corporations have limited liability, which means thatstockholders cannot be held personally responsible for the firm’s debts.
The Company shall be a Sino-foreign equity joint venture company with limited liability with its legal address at101, Wangjing Lize Zhongyuan, Chaoyang District, Beijing.
Beijing Kyoto North grass biotechnology limited liability company is the Zhongguancun high-tech enterprises, Kyoto Yongchongcao biological products involving food, biological beverages, biological health liquor, delicious Medicinal Diet, functional food development and production.
One of the obvious disadvantage is that all general partners have unlimited liability. Each general partner is personally liable for all business debts.
The invention of these limited liability corporations made possible the modern world: how they arise, and how they die, matters.
"When a company limited by shares or a limited liability company proposes to issue corporate Bonds, its Board of directors drafts a proposal for approval by resolution at a meeting of the shareholders."
A BP insider says that what has spooked investors is the prospect of unlimited liability.
An investment certificate shall be issued to each of the shareholders upon the establishment of a limited liability company.
In establishing a limited liability company, the name pre-approval shall be applied for with the company registration authority by the representative appointed by all the shareholders or by the agent entrusted jointly by all the shareholders
A limited liability partnership is a relatively new form of business organization.
The snag is that acting for a foreign firm leaves agents vulnerable to Brazil's capricious tax authorities and labour courts, which tend to ignore limited liability and pursue individual owners.
Indeed, their whole energy industry-from subsidies for corn ethanol to limited liability for nuclear power-is a slick of preferences and restrictions, without peer.
application for name pre-approval signed by all the shareholders of the limited liability company or by all the promoters of the company limited by shares;
Article100 Where conversion of a limited liability company to a joint stock limited company is approved in accordance with the law, the creditor's rights and liabilities of the original company shall be assumed by the joint stock limited company resulting from the conversion.
"Where a limited liability company is Being converted into a company limited by shares, the creditors' rights and indebtedness of the original limited liability company are assumed by the company limited by shares after the conversion."
Unlike a limited partnership, all of the partners in a limited liability partnership may participate in management of the firm.
