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Moon phases
Non-limited Business Question
5 posters
Page 1 of 3
Page 1 of 3 • 1, 2, 3
Non-limited Business Question
Does a non-limited business have shareholders?
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hey,
As far as I am aware no. You can have 'limited by shares', 'limited by guarantee' amongst others.
For unincorporated businesses see here := https://www.gov.uk/unincorporated-associations
I suppose you could have some agreement between the members but, it would mostly be for sharing liability.
Unincorporated and incorporated – What’s the difference? := http://www.communityimpactbucks.org.uk/data/files/Self_Help_Guides/Legal_Structures/vls_chapter_2.pdf
Change your charity structure := https://www.gov.uk/guidance/change-your-charity-structure
As far as I am aware no. You can have 'limited by shares', 'limited by guarantee' amongst others.
For unincorporated businesses see here := https://www.gov.uk/unincorporated-associations
I suppose you could have some agreement between the members but, it would mostly be for sharing liability.
Unincorporated and incorporated – What’s the difference? := http://www.communityimpactbucks.org.uk/data/files/Self_Help_Guides/Legal_Structures/vls_chapter_2.pdf
Change your charity structure := https://www.gov.uk/guidance/change-your-charity-structure
Little D- dedicated
- Posts : 641
Join date : 2017-05-10
Re: Non-limited Business Question
Thanks for the help. I'm of the understanding there are no shareholders and its the CEO who is personally liable. He/she administers the corporation.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Phillpots: Hi,
what have you managed to find out about an incorporated company which is a non-limited business?
Have been searching all over but can't find anything too convincing. we last discussed this here:
https://goodf.forumotion.com/t544-land-registry-offices#3676
I know what an incorporated company verses a non-limited business, but its this non-limited business that purport to be incorporated company I don't comprehend. Looking on
https://companycheck.co.uk/
type in a council name & it comes back incorporated but a non-limited business. Any ideas?
what have you managed to find out about an incorporated company which is a non-limited business?
Have been searching all over but can't find anything too convincing. we last discussed this here:
https://goodf.forumotion.com/t544-land-registry-offices#3676
I know what an incorporated company verses a non-limited business, but its this non-limited business that purport to be incorporated company I don't comprehend. Looking on
https://companycheck.co.uk/
type in a council name & it comes back incorporated but a non-limited business. Any ideas?
LionsShare- Moderator
- Posts : 3277
Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Non-limited Business Question
I found this the other day. See what it triggers with you.
As far as I know a Corporation is a Non-limited business, which means:
Quote www.quora.com
A non limited company is typically owned by a person or persons and has unlimited liability for debts or penalties in the event of bankruptcy, debts or fines. The owning individuals are liable for these and it affects them directly and personally from financial association. I.e. Their home could be repossessed to pay off debts from the company. End quote.
Still need more info on non-limited businesses. I think it may hold a key.
As far as I know a Corporation is a Non-limited business, which means:
Quote www.quora.com
A non limited company is typically owned by a person or persons and has unlimited liability for debts or penalties in the event of bankruptcy, debts or fines. The owning individuals are liable for these and it affects them directly and personally from financial association. I.e. Their home could be repossessed to pay off debts from the company. End quote.
Still need more info on non-limited businesses. I think it may hold a key.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Oops just realised forgot the link to article. Here it is,
https://www.quora.com/What-is-the-difference-between-a-non-limited-company-and-a-limited-company
https://www.quora.com/What-is-the-difference-between-a-non-limited-company-and-a-limited-company
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
You may be interested in this if you have not already seen it. It's regarding smart meters but the principle to is good for any corporation (non-limited business) IMO. There will be other episodes.
https://www.youtube.com/watch?v=NtIYFCjUTSo
https://www.youtube.com/watch?v=NtIYFCjUTSo
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi guys
Just a guess from context....
All companies, corporations etc have limited liability, as do 'persons'. This is achieved by means of insurance.
This definition of 'non-limited company'.in saying it has un-limited liability, well to me it could be describing a 'man', or its nearest legal relative the 'private person'.
Or maybe something ecclesiastical.......?
Cheers!
Just a guess from context....
All companies, corporations etc have limited liability, as do 'persons'. This is achieved by means of insurance.
This definition of 'non-limited company'.in saying it has un-limited liability, well to me it could be describing a 'man', or its nearest legal relative the 'private person'.
Or maybe something ecclesiastical.......?
Cheers!
Guest- Guest
Re: Non-limited Business Question
Does that link in to the CEO having personal liability? And no insurance would cover them, so they would back down when say a notice of liability is issued to them.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi Phillpots
i'm not sure, as we are pitting the non-person of the 'man' against the 'office' (aka person) of CEO.
As far as i know a CEO has to have insurance of some sort, whereas a man cannot have insurance.
A CEO's insurance would not cover him for any unlawful actions or omissions.
Cheers!
i'm not sure, as we are pitting the non-person of the 'man' against the 'office' (aka person) of CEO.
As far as i know a CEO has to have insurance of some sort, whereas a man cannot have insurance.
A CEO's insurance would not cover him for any unlawful actions or omissions.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Not sure myself but my thoughts are a CEO of non-limited does not have insurance while in office because they are personally liable. Not 100% sure sure hence posting this question to see where it takes us.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi Phillpots
What LionsShare said about the councils - it occurs to me that a non-limited company might in some way be a good way to milk the CQV accounts?
Cheers!
What LionsShare said about the councils - it occurs to me that a non-limited company might in some way be a good way to milk the CQV accounts?
Cheers!
Guest- Guest
Re: Non-limited Business Question
I'm new with CQV information. My thoughts are trying to break down and gain info on non-limited businesses. All our councils, police and gov are registered as them so I need to get past N-LB before moving on. CEO may be next stage. If they are personally liable. At what point would they back down? I don't know - yet.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi Phillpots
If you want him to be liable as a man, all you have to do is address and notice him as a man, and be prepared to sue him as a man, to bring claim against him.
In theory it should be easier now since motu propria removed certain protections.
Cheers!
If you want him to be liable as a man, all you have to do is address and notice him as a man, and be prepared to sue him as a man, to bring claim against him.
In theory it should be easier now since motu propria removed certain protections.
Cheers!
Guest- Guest
Re: Non-limited Business Question
So I assume this goes back to All CAPS on surname. The CEO would never use that when communicating with us. Not sure, and I've heard of moto before. Do you have a link on that info? No worries if you have not.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
My understanding of incorporated companies. If during the course of business an incorporated company or if you like a limited company incurs fines, duty to pay bills etc, then if & when these are not paid, then it is the “company” that gets taken to court & pay ? without recourse on the un-incorporated person(s) (people behind the company). Where as when a partnership, association, sole-trader etc., incurs fines, pay bills then he/she must pay directly.
For me its this incorporation but being a non-limited business I cannot get my head around. Have not had time to follow your links phillpots but will do later.
LS
For me its this incorporation but being a non-limited business I cannot get my head around. Have not had time to follow your links phillpots but will do later.
LS
LionsShare- Moderator
- Posts : 3277
Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Non-limited Business Question
Hi Phillpots
i have yet to become link-savvy, sorry. There's loads on yt though, ceylon's got lots up there. You must have watched Troy?
Motu Proprio was basically pope francis telling the merchants the church won't go down without a fight. He removed some protections that had in the past allowed some 'persons' to get away with... er, dodgy business practice.
The ALL CAPS is indication that the House/ESTATE is chargeable.
Cheers!
i have yet to become link-savvy, sorry. There's loads on yt though, ceylon's got lots up there. You must have watched Troy?
Motu Proprio was basically pope francis telling the merchants the church won't go down without a fight. He removed some protections that had in the past allowed some 'persons' to get away with... er, dodgy business practice.
The ALL CAPS is indication that the House/ESTATE is chargeable.
Cheers!
Guest- Guest
Re: Non-limited Business Question
And probate is used as you cannot get away without dealings with The Crown.
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi LionsShare
The limited company is a person that shields another person via insurance. If a company can't/won't meet its obligations its assets can be taken to pay.The person behind the shield is protected from liability because another person has taken the hit.
Is a partnership or association a non-limited business?
Cheers!
The limited company is a person that shields another person via insurance. If a company can't/won't meet its obligations its assets can be taken to pay.The person behind the shield is protected from liability because another person has taken the hit.
Is a partnership or association a non-limited business?
Cheers!
Guest- Guest
Re: Non-limited Business Question
Hi guys
Phillpots - the Crown gets paid every time money changes hands anywhere ever.
Cheers!
Phillpots - the Crown gets paid every time money changes hands anywhere ever.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Not sure but is this the Motu link?
https://w2.vatican.va/content/francesco/en/motu_proprio/documents/papa-francesco-motu-proprio_20130711_organi-giudiziari.html
https://w2.vatican.va/content/francesco/en/motu_proprio/documents/papa-francesco-motu-proprio_20130711_organi-giudiziari.html
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi guys
Looking at it, it's possibly what keeps the former pope from leaving the Vatican.
Cheers!
Looking at it, it's possibly what keeps the former pope from leaving the Vatican.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Yes very good to see (no pun intended). Do we know for sure that 3 (c) links 100% with our UK government?
Phillpots- Very helpful
- Posts : 336
Join date : 2017-06-07
Re: Non-limited Business Question
Hi Phillpots
If it's a registered corporation then it's under the purview of the Vatican (they own the UCC).
'Minister' is also an ecclesiastical term.
Cheers!
If it's a registered corporation then it's under the purview of the Vatican (they own the UCC).
'Minister' is also an ecclesiastical term.
Cheers!
Guest- Guest
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