Limited liability companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not as protected.[7][8]


A company limited by guarantee: Commonly used where companies are formed for noncommercial purposes, such as clubs or charities. The members guarantee the payment of certain (usually nominal) amounts if the company goes into insolvent liquidation, but otherwise, they have no economic rights in relation to the company. This type of company is common in England. A company limited by guarantee may be with or without having share capital.


If you are a care leaver and you are aged over 18 and under 22, you may be exempt from the rules that stop some 18-21 year olds getting the Housing Element of Universal Credit to help pay for their rent. If you are a care leaver living in private rented accommodation, your Housing Benefit (or Housing Element of Universal Credit) may be based on you needing one bedroom in a self-contained property. If you think you qualify, you should click ‘yes’.

Companies are also sometimes distinguished for legal and regulatory purposes between public companies and private companies. Public companies are companies whose shares can be publicly traded, often (although not always) on a stock exchange which imposes listing requirements/Listing Rules as to the issued shares, the trading of shares and future issue of shares to help bolster the reputation of the exchange or particular market of an exchange. Private companies do not have publicly traded shares, and often contain restrictions on transfers of shares. In some jurisdictions, private companies have maximum numbers of shareholders.


In legal parlance, the owners of a company are normally referred to as the "members". In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders. In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions. Examples include "segregated portfolio companies" and restricted purpose companies.

Graham – “The old saying “third time proves it” has never been more true! The sale of the national and international franchise rights for Housework Heroes is the third business sold by Graham Nankivell for which we have engaged your services as our business sales agent. On each occasion we have accepted full price offers. Each sale has been handled in a professional manner and has achieved a timely sale to an appropriate purchaser. The Performance Business Sales system, including the Business Report, is the best alternative for those considering selling a business. The system works!”

We will always store your personal details securely. We’ll use them to provide the service that you have requested, and communicate with you in the way(s) that you have agreed to. Your data may also be used for analysis purposes, to help us improve our services and communicate with you most effectively. We will only allow your information to be used by suppliers working on our behalf and we’ll only share it to deliver a service to you or if required to do so by law. For more details about how we process your data please see our Privacy Policy.
×