Lawiki for and by law students - find us on Facebook if you want to help us edit this Law Wiki.
Not professional advice - LAWIKI cannot guarantee the validity of any information
Most registered companies (see: Registered company) are of the 'limited liability' meta (see: Limited company). 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.