Unlimited Company
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF173
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF173
|
| Language-specific name. Monolingual name | Unlimited Company (en) |
| Language-specific short name. Monolingual short name | nLtd.Co. (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A type of business organization where the liability of its members or shareholders is unlimited. Unlimited companies do not have restrictions on their liability, exposing members' personal assets to the company's debts and obligations. This structure is less common and often used for specific purposes, where the unlimited liability is a deliberate choice by the owners. Unlimited companies are typically governed by the applicable laws and regulations of the jurisdiction in which they operate. |