Unlimited liability company — Gocompany
Unlimited liability company
Gocompany : Public Limited Company Registration India
Gocompany is a leader in online Public Limited Company Registration in India. Company leading with 32 years highly…gocompany.in
Gocompany is a leader in online Public Limited Company Registration in India. Company leading with 32 years highly…gocompany.in
Unlimited liability company
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Unlimited Company
Unlimited Company
The business in which the liability of all its members is unlimited is the Unlimited Company. In order to settle the debts, the members can use their personal assets. Unlimited Company is the type of company which is similar to a Partnership Firm in which the liability of partners is joint and several.
Salient Features
- Unlimited Company have unlimited liability.
- The members of Unlimited Company can use their personal assets to settle the debts.
- The Unlimited Company can be registered with or without the share capital.
Pros
- The Unlimited Company can be registered with or without the share capital.
- The Unlimited Company have long run existence.
- In Unlimited Company, there is secrecy of financial affairs.
Cons
- The accounts of Unlimited Company are complex.
- In Unlimited Company there is restriction on the rising of capital.
- Cost required for starting Unlimited Company is high.
Compare Unlimited Company
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Process to Set up a Unlimited Company
- See more at: http://gocompany.in/unlimited-company#sthash.K1leGcRe.dpuf