Limited Liability Partnership - Law Dictionary Search Results
corporation
of individuals that has most of the rights and duties of natural persons but with perpetual existence and limited liability see also pierce compare association, partnership, sole proprietorship close corporation [klōs-] : a corporation whose shares are held
L.L.P.
L.L.P. limited liability partnership
information tax returns
the income or loss of a business that is not subject to tax itself (e.g. partnerships, S Corporations, limited liability companies) … return that reports the income or loss of a business that is not subject to tax itself (e.g. partnerships, S Corporations, limited liability companies)
Keep your definitions linked to case research
reciprocal exchange
through an attorney-in-fact for the insurance of each other [liability of each member of the reciprocal exchange was limited to ten times the annual premium] called also interinsurance exchange reciprocal insurance exchange reciprocal interinsurance exchange … reciprocal exchange : an unincorporated association in which members (as individuals, partnerships, trustees, or corporations) exchange contracts and pay premiums through an attorney-in-fact for the insurance of each other [liability
company
capital is represented by shares owned by stockholders each of whom is personally liable for the company's debts limited liability company : an unincorporated company formed under applicable state statute whose members cannot be held liable for the … company pl: -nies : an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership finance company : a company that makes usually small short-term loans to individuals growth company : a company
Bank
Act of Parliament or of letters patent. By s. 360, the liability of the members of a banking limited company remains unlimited in respect of the bank's liability for bank-notes issued by it. As to signature of … are contained in the (English) Companies Act, 1929 relating to Banks. By s. 358, no company, association or partnership consisting of more than ten members shall be formed for the purpose of carrying on a banking business
Mercantile Law Amendment Act, 1856 (English)
Partnership Act, 1890, and reproduced by s. 18 of that Act); (5) that a surety who discharges a liability is to be entitled to an assignment of all securities held by the creditor; (Ss. 6 and 7) … within six years; (10) that absence beyond seas is no disability availing the plaintiff within the Statute of Limitations; and (11) that part payment by one co-contractor is not to prevent the bar by the Statute of
- ‹ Prev
- 1
- Next ›
Try the research workspace - 7 days free