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Corporation and Limited liability

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Corporation and Limited liability

Corporation vs. Limited liability

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law. Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.

Similarities between Corporation and Limited liability

Corporation and Limited liability have 19 things in common (in Unionpedia): Companies Act 1862, Creditor, East India Company, Guild, Incorporation (business), Insolvency, Insurance, Joint Stock Companies Act 1844, Joint Stock Companies Act 1856, Joint-stock company, Legal liability, Legal person, Limited Liability Act 1855, Limited liability company, Salomon v A Salomon & Co Ltd, Shareholder, Sole proprietorship, The Economist, Unlimited company.

Companies Act 1862

The Companies Act 1862 (25 & 26 Vict. c.89) was an Act of the Parliament of the United Kingdom regulating UK company law, whose descendant is the Companies Act 2006.

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Creditor

A creditor is a party (for example, person, organization, company, or government) that has a claim on the services of a second party.

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East India Company

The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company and informally as John Company, was an English and later British joint-stock company, formed to trade with the East Indies (in present-day terms, Maritime Southeast Asia), but ended up trading mainly with Qing China and seizing control of large parts of the Indian subcontinent.

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Guild

A guild is an association of artisans or merchants who oversee the practice of their craft/trade in a particular area.

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Incorporation (business)

Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law).

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Insolvency

Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.

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Insurance

Insurance is a means of protection from financial loss.

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Joint Stock Companies Act 1844

The Joint Stock Companies Act 1844 (7 & 8 Vict. c.110) was an Act of the Parliament of the United Kingdom that expanded access to the incorporation of joint-stock companies.

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Joint Stock Companies Act 1856

The Joint Stock Companies Act 1856 (19 & 20 Vict. c.47) was a consolidating statute, recognised as the founding piece of modern United Kingdom company law legislation.

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Joint-stock company

A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders.

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Legal liability

In law, liable means "esponsible or answerable in law; legally obligated." Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.

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Legal person

A legal person (in legal contexts often simply person, less ambiguously legal entity) is any human or non-human entity, in other words, any human being, firm, or government agency that is recognized as having privileges and obligations, such as having the ability to enter into contracts, to sue, and to be sued.

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Limited Liability Act 1855

The Limited Liability Act 1855 (18 & 19 Vict c 133) was an Act of the Parliament of the United Kingdom that first allowed limited liability for corporations that could be established by the general public in the UK.

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Limited liability company

A limited liability company (LLC) is the United States of America-specific form of a private limited company.

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Salomon v A Salomon & Co Ltd

is a landmark UK company law case.

Corporation and Salomon v A Salomon & Co Ltd · Limited liability and Salomon v A Salomon & Co Ltd · See more »

Shareholder

A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation.

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Sole proprietorship

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of enterprise that is owned and run by one natural person and in which there is no legal distinction between the owner and the business entity.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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Unlimited company

An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint, several and non-limited obligation to meet any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company's formal liquidation.

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The list above answers the following questions

Corporation and Limited liability Comparison

Corporation has 173 relations, while Limited liability has 49. As they have in common 19, the Jaccard index is 8.56% = 19 / (173 + 49).

References

This article shows the relationship between Corporation and Limited liability. To access each article from which the information was extracted, please visit:

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