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unlimited company

Last modified: Thu Feb 23 16:37:38 2006

Most registered companies (see: RegisteredCompany) are of the `limited liability' type (see: LimitedCompany). Registered unlimited companies are corporations (see: Corporation), but members are liable for all debts incurred by the company. Unlimited companies are all classed as `private' for share trading purposes, meaning that their shares cannot be offered for sale to the public.

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