Shareholders (Members) are not personally liable for debts and losses of the company.
Can Company own property?
Yes. Company can own property in its (companyβs) name.
Liability of shareholders in Companies?
Shareholders (Members) have limited liability in the companies.
Liability of members in Companies?
Members have limited liability in the companies.
What is Public Company Limited by shares?
A Public Company can have more than 50 members and with or without beneficial interest by any corporation in the company...
What is Private Company Limited by shares?
A Private Company is with 50 members or less and with or without beneficial interest by any corporation in the companyβs...