A business entity is an organization established as a separate entity for the purpose of conducting business. It functions independently of its owners and has its own legal rights and obligations.
A Charitable Incorporated Organization (CIO) is a legal form available to charitable organizations in England and Wales (and in Scotland since 2011) that provides similar rights and benefits as limited companies, but without the need to register as a company or follow Companies Act regulations.
A company is a corporate enterprise that has a legal identity separate from that of its members; it operates as a single unit in which all members participate. Companies can have limited or unlimited liability and may be registered or unregistered.
An incorporated organization in which the liability of members is limited by the constitutional documents to the amounts paid, or due to be paid, for shares. In the UK, this is the most popular form of company.
The corporate veil is a legal concept that separates the actions and liabilities of a corporation from its shareholders or officers, offering them protection against personal liability. Courts may pierce the corporate veil to hold individuals accountable for a corporation's actions.
An incorporated company results in a legal entity that is distinct from its owners, providing limited liability protection and other benefits.
A Limited Company (Ltd.) is a legal business entity structure characterized by providing limited liability to its shareholders and often being managed by directors. Limited companies are separate legal entities, meaning their assets and liabilities are distinct from those of their shareholders.
Limited liability is a legal principle whereby a company's owners and shareholders are protected from being personally liable for the company's debts and liabilities, limited to the amount of their investment.
A Limited Liability Partnership (LLP) combines the benefits of traditional partnerships with limited liability. It provides flexibility in business operation while offering liability protection similar to corporations.
A Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership with those of a corporation. It provides its owners with limited liability protection while still allowing for the pass-through taxation benefits of a partnership.
A Massachusetts Trust is a business trust that confers limited liability on the holders of trust certificates, also known as a common law trust. This is a voluntary association of investors who transfer contributed cash or other property to trustees with legal authority to manage the business.
A private limited company is a type of business entity which has limited liability and restricted ownership, preventing it from offering shares to the public.
A public limited company (PLC) is a type of company under UK, Indian, and certain Commonwealth countries' law which is publicly traded and operates with limited liability.
An S Corporation is a type of corporation that meets specific Internal Revenue Service (IRS) requirements allowing the company's income, losses, deductions, and credits to be passed through to shareholders for federal tax purposes.
A silent partner, also known as a limited partner, is an investor who contributes capital to a business but does not involve themselves in the daily management or operations of the company. Unlike general partners, silent partners have limited liability, meaning they can only lose the amount of their investment.
SARL, or 'Società a Responsabilità Limitata', is the Italian designation for a firm with limited liability. It is a common type of business entity in Italy that offers liability protection to its owners while allowing a flexible organizational structure.
Y.K. or Yugen-Kaisha is a Japanese business designation for a form of corporation similar to a limited liability company in other jurisdictions.
