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Limited Liability
A concept whereby a persons financial liability is limited to a fixed sum, most commonly the value of a persons investment in a company or partnership with limited liability. A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).
Annual Report - A document which a company (the company’s directors) present at its Annual Gener..
Apostille - The maximum degree of authentication of the documents, recognized in all countri..
Certificate of Good Standing - A Certificate of Good Standing confirms the company name, company number and dat..
Certificate of Incorporation - A Certificate of Incorporation will be sent to the company by the Companies Regi..
Holding Company - Broadly, this is a company that owns or has an interest in one or more subsidiar..
Incorporation - Incorporation is a process of creating and registering a company. In the UK a co..
Legalization of documents - Procedure of authentication of documents in consulate of the state in which the ..
Nominee service - The service when the company appointed to the post of director or as shareholder..
Partnership - A partnership is a business carried on by two or more persons with a view to a p..
Power of Attorney - A document given by one person (the Donor or Grantor) to another person (the Att..
Private Limited Company - This is a Company (see Company) where members benefit from a limited liability a..
Public Limited Company - A Company that offers limited liability to its members and is permitted to offer..
Ready-made Company - A company incorporated or held by a formations agent with a view to reselling it..
Share Capital - Share capital refers to portion of a companys equity that has been obtained (or ..
Value Added Tax VAT - This is an indirect tax levied on goods and services in the UK and many other co..
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