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Moon phases
Non-limited Business Question
5 posters
Page 2 of 3
Page 2 of 3 • 1, 2, 3
Re: Non-limited Business Question
Uniform Commercial Code. Good I will work on this. I will go quiet for a while. Do you know what! The link to this motu was not archived - so I just archived it it on archive.is
Phillpots- Very helpful
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Join date : 2017-06-07
Re: Non-limited Business Question
Hi iamani,iamani wrote:Hi LionsShare
Is a partnership or association a non-limited business?
Cheers!
looking at this post
https://goodf.forumotion.com/t544-land-registry-offices#3676
from what I found for that then:
" a non-limited company has unlimited liability. Non-limited companies are typically sole traders or partnerships, and are liable for any problems encountered"
I would say yes to your question.
From what I said earlier "For me its this incorporation but being a non-limited business I cannot get my head around". Surely a limited company is a limited business?
Last edited by LionsShare on Wed Sep 20, 2017 9:39 am; edited 1 time in total (Reason for editing : added last paragraph)
LionsShare- Moderator
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Re: Non-limited Business Question
regarding the UCC obviously its for the US but would love it to work for us here, then we could use some gems out of that for our use.
LionsShare- Moderator
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Re: Non-limited Business Question
Hi LionsShare
Two different ways of organising a business - a company and a partnership/sole trader. Both have liabilities and obligations. A company has to purchase insurance to cover it's obligations, a partnership/sole trader don't have to purchase insurance - and yet they have inbuilt insurance.
Can you guess how that is?
Also, the UCC is glob-....... er, 'worldwide'. It's just operated more openly in USA. We can and do use it.
Cheers!
Two different ways of organising a business - a company and a partnership/sole trader. Both have liabilities and obligations. A company has to purchase insurance to cover it's obligations, a partnership/sole trader don't have to purchase insurance - and yet they have inbuilt insurance.
Can you guess how that is?
Also, the UCC is glob-....... er, 'worldwide'. It's just operated more openly in USA. We can and do use it.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Hi, iamani,iamani wrote:Hi LionsShare
Two different ways of organising a business - a company and a partnership/sole trader. Both have liabilities and obligations. A company has to purchase insurance to cover it's obligations, a partnership/sole trader don't have to purchase insurance - and yet they have inbuilt insurance.
Can you guess how that is?
Also, the UCC is glob-....... er, 'worldwide'. It's just operated more openly in USA. We can and do use it.
Cheers!
the inbuilt insurance could be asset stripping - if you don't pay they take your assets or as men/women they are unlimited credit.
perhaps am missing something: Surely a limited company is a limited business - how can a limited company be a non-limited business?
That would imply although incorporated it is the individuals inside the company that become liable?
Try to sue someone in a council over a tax liability order & see what happens!
LionsShare- Moderator
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Re: Non-limited Business Question
Hi LionsShare
This is all supposition on my part fella, but i would say a limited company is limited in two ways - the obvious one is that the liabilities of the 'persons' operating the 'person' that is a company, are limited. But how? Well, it's limited to the amount of assets that are available to seizure (including insurance policies) from the company. Company assets.
The second limit is the limit of insurance liability agreed between the company and the insurers.
A partnership/sole trader's liabilities are NOT limited to seizure of assets of the partnership or trade,
their 'personal' possessions (possessions of the 'person') are available - even the assets they don't know about.....
How can a limited company be a non-limited business? There must be a separation of interests somewhere is my guess. i'm yet to look into it properly - when the answer makes itself known to me i will share.
Cheers!
This is all supposition on my part fella, but i would say a limited company is limited in two ways - the obvious one is that the liabilities of the 'persons' operating the 'person' that is a company, are limited. But how? Well, it's limited to the amount of assets that are available to seizure (including insurance policies) from the company. Company assets.
The second limit is the limit of insurance liability agreed between the company and the insurers.
A partnership/sole trader's liabilities are NOT limited to seizure of assets of the partnership or trade,
their 'personal' possessions (possessions of the 'person') are available - even the assets they don't know about.....
How can a limited company be a non-limited business? There must be a separation of interests somewhere is my guess. i'm yet to look into it properly - when the answer makes itself known to me i will share.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Hi,iamani wrote:Hi LionsShare
How can a limited company be a non-limited business? There must be a separation of interests somewhere is my guess. i'm yet to look into it properly - when the answer makes itself known to me i will share.
Cheers!
I do agree with your thoughts on insurance & liabilities, obviously there is a separation somewhere, as I stated in an earlier post:
"https://companycheck.co.uk/
type in a council name & it comes back incorporated but a non-limited business. Any ideas?"
LionsShare- Moderator
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Re: Non-limited Business Question
Hi LionsShare
It was indeed your post that started me thinking about it - i've just had an idea....
It's a company whose clients have unlimited liability?
Cheers!
It was indeed your post that started me thinking about it - i've just had an idea....
It's a company whose clients have unlimited liability?
Cheers!
Guest- Guest
Re: Non-limited Business Question
Hi LionsShare
Or should i say: whose WARDS have unlimited liability....?
Cheers!
Or should i say: whose WARDS have unlimited liability....?
Cheers!
Guest- Guest
Re: Non-limited Business Question
Yes Yes Yes I see what you mean. We the "cannon fodder" ARE the unlimited liability!iamani wrote:Hi LionsShare
It was indeed your post that started me thinking about it - i've just had an idea....
It's a company whose clients have unlimited liability?
Cheers!
LionsShare- Moderator
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Re: Non-limited Business Question
Hi LionsShare
That's what i'm thinking. They have access to our House trust estate.
Cheers!
That's what i'm thinking. They have access to our House trust estate.
Cheers!
Guest- Guest
Re: Non-limited Business Question
hi, if the council are failing money wise, then pass some legislation & do over the people. Probs solved!
I remember in 1 yt vid about how each council are paid possibly £120,000 for each in thier WARD!
I remember in 1 yt vid about how each council are paid possibly £120,000 for each in thier WARD!
LionsShare- Moderator
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Re: Non-limited Business Question
Hi LionsShare
Exactly! i saw that a while back and assumed they were taking it from the trusts.
It's money laundering/embezzlement legalised.
Cheers!
Exactly! i saw that a while back and assumed they were taking it from the trusts.
It's money laundering/embezzlement legalised.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Phillpots wrote: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
Hi phillpots & iamani,iamani wrote: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!
After much soul searching & trying to find something more on this non-limited business, iamani seems to have hit it straight on & (I think) totally nailed it! I cannot find anything further on this subject, & it looks like the non-limited business part, PERSONS in the ward ARE the unlimited liability.
iamani wrote:Hi LionsShare
Exactly! i saw that a while back and assumed they were taking it from the trusts.
It's money laundering/embezzlement legalised.
Cheers!
YES total "money laundering/embezzlement legalised". Nothing else to say!
My 200th post.
LionsShare- Moderator
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Re: Non-limited Business Question
Hi LionsShare
Congrats on your 200!
Thanks for the credit, too.
Now if you haven't already watched it, toolapcblack has a post 'Hierarchy' on 'other news' with latest Romley video - i highly recommend it. Excellent vid, i'm watching it now.
Cheers!
Congrats on your 200!
Thanks for the credit, too.
Now if you haven't already watched it, toolapcblack has a post 'Hierarchy' on 'other news' with latest Romley video - i highly recommend it. Excellent vid, i'm watching it now.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Councils are publically owned and the people of the "shire" are the owners, so whether you live in Nottinghamshire or Oxfordshire the public of those shires are the liability. Basically you as a person are liable.
assassin- Admin
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Re: Non-limited Business Question
So any person working in said corporation (non-limited business) is fully liable as we are are. Would I be right in saying any Notice of Liability shoved up 'the one's in charge' ar*e by (registered post) would send chills down their spines? Enough to make them quit their post. After all these administrators (.gov). What they want is our estate via probate and any notice to them would be for their estate. As a person we are actually only dealing with another person (within the corporation) if that makes sense.
Even this dillydallying was done by everyone it would only make one winner in the end and that is The Crown, IMHO.
P.S. Did this thread make the link (and proof needed) that a Non-limited business is in fact a corporation? Can't remember and is key to this.
Even this dillydallying was done by everyone it would only make one winner in the end and that is The Crown, IMHO.
P.S. Did this thread make the link (and proof needed) that a Non-limited business is in fact a corporation? Can't remember and is key to this.
Phillpots- Very helpful
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Re: Non-limited Business Question
Hi Phillpots
No proof yet sorry. You could try defining it as fact via agreement.
Cheers!
No proof yet sorry. You could try defining it as fact via agreement.
Cheers!
Guest- Guest
Re: Non-limited Business Question
I remember a video uploaded by mark where, when asked to a council lawyer he said yes we are a corporation.
Just because no records of business are needed by companies house on Non-limited businesses, does this mean no information is held? I say there must be information on the formation of these Non-limited businesses but when you ask the likes of companycheck.com they turn round and say we got our information from a third party but will not say who this third party is. Would I be right in saying its the government itself (or agency working on behalf of) that supplies the info. Thier must be certificates held somewhere with signatures. Need more investigation. I have said in posts that we need to understand Non-limited businsses because our government, council and police hide behind this.
Just because no records of business are needed by companies house on Non-limited businesses, does this mean no information is held? I say there must be information on the formation of these Non-limited businesses but when you ask the likes of companycheck.com they turn round and say we got our information from a third party but will not say who this third party is. Would I be right in saying its the government itself (or agency working on behalf of) that supplies the info. Thier must be certificates held somewhere with signatures. Need more investigation. I have said in posts that we need to understand Non-limited businsses because our government, council and police hide behind this.
Phillpots- Very helpful
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Re: Non-limited Business Question
Definition of a Corporation.
BRITISH
a group of people elected to govern a city, town, or borough. "the City of London Corporation"
synonyms: council, town council, municipal authority, civic authority; authorities
"the corporation refused two planning applications"
BRITISH
a group of people elected to govern a city, town, or borough. "the City of London Corporation"
synonyms: council, town council, municipal authority, civic authority; authorities
"the corporation refused two planning applications"
Tiggy- Moderator
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Re: Non-limited Business Question
Thanks Tiggy
All this info is very good. Surely these groups of people signed an agreement. 1st question is. Where are the applications to become a Non-limited business held and why are they not for public viewing?
All this info is very good. Surely these groups of people signed an agreement. 1st question is. Where are the applications to become a Non-limited business held and why are they not for public viewing?
Phillpots- Very helpful
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Re: Non-limited Business Question
Hi guys
Phillpots - if they are not for public viewing then they're probably in plain sight.
Tiggy - it's about time you wandered outside the debt forum, you must be shell-shocked by now! i'm impressed by your knowledge and patience btw.
Cheers!
Phillpots - if they are not for public viewing then they're probably in plain sight.
Tiggy - it's about time you wandered outside the debt forum, you must be shell-shocked by now! i'm impressed by your knowledge and patience btw.
Cheers!
Guest- Guest
Re: Non-limited Business Question
Hi guys
What gets me is the apparent incongruity between the terms 'corporation' and 'incorporated'.
An unlimited company appears to be intended to be somewhat secretive ie 'private', a gain apparently worth giving up the shield of limited status. The Crown Corp. is of unltd. status and Is privately owned. It doesn't have to make its accounts public yet the term unlimited implies accountability.
Odd.
Even though a non-limited company is termed as 'privately owned' it can still be a subsidiary company of a limited company. That's odd too.
Would there be any equivalence of British 'corporation' and the American 'municipality' perhaps?
Cheers!
What gets me is the apparent incongruity between the terms 'corporation' and 'incorporated'.
An unlimited company appears to be intended to be somewhat secretive ie 'private', a gain apparently worth giving up the shield of limited status. The Crown Corp. is of unltd. status and Is privately owned. It doesn't have to make its accounts public yet the term unlimited implies accountability.
Odd.
Even though a non-limited company is termed as 'privately owned' it can still be a subsidiary company of a limited company. That's odd too.
Would there be any equivalence of British 'corporation' and the American 'municipality' perhaps?
Cheers!
Guest- Guest
Re: Non-limited Business Question
Phillpots wrote:I remember a video uploaded by mark where, when asked to a council lawyer he said yes we are a corporation.
Just because no records of business are needed by companies house on Non-limited businesses, does this mean no information is held? I say there must be information on the formation of these Non-limited businesses but when you ask the likes of companycheck.com they turn round and say we got our information from a third party but will not say who this third party is. Would I be right in saying its the government itself (or agency working on behalf of) that supplies the info. Thier must be certificates held somewhere with signatures. Need more investigation. I have said in posts that we need to understand Non-limited businsses because our government, council and police hide behind this.
This is totally correct, here in the UK it is Companys House which are a Government body and they hold all the registrations of every company or corporation in the UK, the difference is that they have ways of non disclosure if you study their laws, either the Monarch OR Crown Corporation can effect a company be set up under their authority and not be on the register, and this has been done for all councils, Po-lice forces and many other corporations we own. They get the benefit and the people of the shire get the liability through their CQV trust which most of them don't even know they have.
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