An entity that is recognized by the law as a legal person, meaning it possesses legal rights and obligations distinct from the individuals who comprise it. Examples include companies and corporations that can engage in legal actions, own property, etc.
A company structure where the liability of members is limited to a predetermined amount they agree to pay in the event of liquidation. This type of company does not issue shares to its members and differs significantly from other company structures like limited companies.
A firm is any business organization, ranging from individual proprietorships to large corporations, and it can also refer specifically to a business partnership.
MCT can refer to an individual recognized as a Member of the Association of Corporate Treasurers or it can stand for mainstream corporation tax, a standard rate of corporate tax applied to profits of companies.
An unlimited company is a type of company where its members have unlimited liability. This means that in case of liquidation, members are required to cover all the company's debts using their personal assets, if necessary.
