liable for the company's debts

  • 31Unlimited company — In the United Kingdom, an unlimited company is a company formed by registration under the Companies Act 1985 where the liability of the members is unlimited that is, they are liable to contribute whatever sums are required to pay the debts of the …

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  • 32Intelligence in the American Revolutionary War — Intelligences in the American Revolutionary War was essentially monitored and sanctioned by the Continental Congress to provide military intelligence to the Continental Army to aid them in fighting the British during the American Revolutionary… …

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  • 33Joint Stock Company — An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading; however, stockholders are liable for company debts. This is a type of company that has …

    Investment dictionary

  • 34joint-stock company — noun a company (usually unincorporated) which has the capital of its members pooled in a common fund; transferable shares represent ownership interest; shareholders are legally liable for all debts of the company • Hypernyms: ↑company * * *… …

    Useful english dictionary

  • 35Corporation — A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be …

    Investment dictionary

  • 36joint stock company — A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company. Bloomberg Financial… …

    Financial and business terms

  • 37Partnership — For the cricket term, see Partnership (cricket). A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.[1] Since humans are social beings, partnerships between individuals, businesses, interest based… …

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  • 38business organization — Introduction       an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.       Business enterprises… …

    Universalium

  • 39Types of business entity — Companies law Company  …

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  • 40Pennsylvania — • One of the thirteen original United States of America Catholic Encyclopedia. Kevin Knight. 2006. Pennsylvania     Pennsylvania     † …

    Catholic encyclopedia