A method of distributing previously unissued shares in a limited company in exchange for a contribution of capital.
Books of account refer to the ledgers, journals, and other accounting records in which a business records its transactions. These records form the backbone of a company's financial information, ensuring that their financial status can be understood at any time.
A Community Interest Company (CIC) is a special type of limited company that exists primarily to benefit the community or with a social purpose, rather than to maximize profit for shareholders.
A Community Interest Company (CIC) is a type of limited company registered in the UK under the Companies (Audit, Investigations, and Community Enterprise) Act 2004. These companies focus on social objectives and ensure their assets are used for the community's benefit.
Incorporation of audit firms involves the formation of a limited company by a partnership to limit its liability against claims for negligence, offering essential protection while maintaining legal compliance under the Companies Act.
A limited company is a type of company structure where the liability of members is restricted to their investment or guarantee amount.
A Limited Company (Ltd.) is a legal business entity structure characterized by providing limited liability to its shareholders and often being managed by directors. Limited companies are separate legal entities, meaning their assets and liabilities are distinct from those of their shareholders.
Limited liability is a legal principle whereby a company's owners and shareholders are protected from being personally liable for the company's debts and liabilities, limited to the amount of their investment.
A registered company is a formal business entity that has been incorporated in England, Wales, or Scotland through a registration process with the Registrar of Companies. It can be a limited or unlimited company and may operate as either a private or public entity.
