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On 10/25/06, jody salt <jody_leigh_salt@xxxxxxxxxxx> wrote: > Hi Robin, > > I think I'm right: > > A business is just a commercial enterprise. > > A company is treated as if it is a person in it's right (or entity), which > runs a business or businesses. > > A company is owned by it's investors, either public (PLC) or Private (LTD). > > If anything financially legally goes wrong the company is held accountable > not the directors; unless there is fraud. I think there is limited liability to the shareholders, hence the LTD, with a private limited company, not sure with a PLC how that works. I think there is also limited liability but if you have a lot of shares this could still be significant, was this not what happened to a certain banking company (of london) many years a go and the large shareholders got the brunt of the fallout? This all makes sense and is what i remember. I was just trying to see if there is any difference between a private individual and a non limited company. There was/is a UPVC window company somewhere down here that specifically makes a point that they are a "unlimited" company so they are not hiding behind the protection that a LTD provides. -- Robin Cornelius http://www.byteme.org.uk -- The Mailing List for the Devon & Cornwall LUG http://mailman.dclug.org.uk/listinfo/list FAQ: http://www.dcglug.org.uk/linux_adm/list-faq.html