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Charitable organisations are often incorporated using this form of limited liability. Another example is the Financial Conduct Authority . In Australia, only an unlisted public company can be limited by guarantee.
Private company limited by shares, a class of company in the UK and some Commonwealth nations; Limited company, a class of company in several countries with limited liability
In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). [4]
Although a shareholder's liability for the company's actions is limited, the shareholders may still be liable for their own acts. For example, the directors of small companies (who are frequently also shareholders) are often required to give personal guarantees of the company's debts to those lending to the company. [5]
I.K.E. (Idiotiki Kefalaiouchiki Etaireía / Ιδιωτική Κεφαλαιουχική Εταιρεία) = Private Company, minimum capital=€0. The shares do not take the form just of capital but also warranties, labor offer etc. This form is a composite form between A.E. E.P.E and O.E. which is greatly affected by the Articles of Incorporation.
Limited company, a company in which the liability of its members is limited to what they have invested in it; Limited liability company, a limited company that blends elements of partnership and corporate structures - primarily in the United States
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The form is also often used by organisations with some kind of national coordinating function. Examples in the UK include the domain name registry Nominet UK, England and Wales Cricket Board and IXPs LINX (London Internet Exchange) and LONAP (London Access Point). Examples elsewhere include Cricket Australia and the World Wide Fund for Nature ...