Skip to main content

Posts

Showing posts with the label liability company

Limited Liability Company Incorporation

Limited Liability Company Incorporation Limited liability company incorporation can bring great benefits to you. Apart from helping you forming a legal corporate company, the limited liability company incorporation will also bring great benefits like the ability to sue, separate property, and transferable shares.

What goes into limited liability company incorporation?

Limited Liability Company Incorporation Limited liability company incorporation , quite simply is a company whose liability is limited. Limited liability company is a type of company which when set-up allows an entrepreneur to keep their own assets as well as finances separate from the business itself. This means that people who are interested in the business are only accountable for any company debts up-to the amount that they have invested and no more. It is therefore a superior method for a business to get investment without risk to a personal wealth. Essentially a limited liability company formation is seen as an entity in its own right, which can be subjected to legal action. As a separate body, a limited liability company can even be the director of another company. The formation process In order to set up a limited liability company, there are a few criterions that first have to be satisfied. Firstly, the company must be registered with company’s house. TBA ...