Solicitors & Lawyers
Legal Phrases
Term: unlimited company
1.
An unlimited company is simply a company with all the traits of a limited company, except that the liability of the shareholders is not limited.
Usage: The unlimited company commenced trading.
Related Words: limited liability; company; public company; private company; corporate veil; separate legal personality.
Companies: Internal Governance – Directors Loans and Duties to UK Companies
Business Structures – Setting Up in Business in the UK
Regulatory Compliance – Choosing Business & Company Names in the UK
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