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In some countries, an LLP must have at least one person known as a "general partner", who has unlimited liability for the company. [citation needed] There is considerable difference between LLPs as constituted in the U.S. and those introduced in the UK under the Limited Liability Partnerships Act 2000 and adopted elsewhere. The UK LLP is ...
The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership.The LLLP form of business entity is recognized under United States commercial law.
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . [ 1 ]
Company: In the Korean Commercial Act, a company is a corporation established for commercial activities or other for-profit purposes. A company comes into existence by registering its incorporation at the location of its head office. 합명회사; 合名會社; hammyeonghoesa : gōmei gaisha (Japan); corporation similar to a general partnership
Professional association, which operates similarly to a professional corporation or a limited liability company; Limited liability partnership (LLP), in which the attorney-owners are partners with one another, but no partner is liable to any creditor of the law firm nor is any partner liable for any negligence on the part of any other partner ...
It is in that sense a private company. Komplementärs are natural persons or legal persons. If the Komplementär is a corporation with limited liability then the type of the company has to be named as UG (haftungsbeschränkt) & Co. KGaA, GmbH & Co. KGaA, AG & Co. KGaA or SE & Co. KGaA. [10]
A private limited company is a limited company incorporated under the Companies Act 2013 (or one of its predecessor acts), with a minimum paid-up share capital (if any) of ₹ 1 lakh (US$1,200), with an article that restricts the transfer of its shares; it may have between two and two hundred members, and its name ends with "Private Limited ...
Similarly, Section 15 makes provision for the making of regulations to apply company law or disapply company law and to apply partnership law as seem appropriate. Complementing the Limited Liability Partnerships Act 2000, much of the law on LLPs is in statutory instruments made under it that apply other legislation.