Difference between revisions of "Limited Liability"
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m (Maksim-Smelchak moved page Ltd. to Limited Liability) |
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| − | [[Ltd.]] is an old [[Terra (world)|Terran]] form of [[corporation]], and still broadly recognized across [[charted space]]. | + | [[Limited Liability]] or [[Ltd.]] is an old [[Terra (world)|Terran]] form of [[corporation]], and still broadly recognized across [[charted space]]. |
* Business term & business charter | * Business term & business charter | ||
| − | == Description | + | == Description ([[Specifications]]) == |
| − | + | ''Limited Liability'': A limited company is a separate legal entity from its owners: the organization shields them from personal liability. In the event a company gets into financial trouble or declares bankruptcy, its owners are not personally liable for the debt. | |
| − | == History & Background | + | == History & Background ([[Dossier]]) == |
No information yet available. | No information yet available. | ||
| Line 12: | Line 12: | ||
{{Detail}} | {{Detail}} | ||
{{Sources | {{Sources | ||
| − | |||
|S2= [[Traveller Wiki Editorial Team]] | |S2= [[Traveller Wiki Editorial Team]] | ||
|S3= Author & Contributor: Lord (Marquis) and Master of Sophontology [[User:Maksim-Smelchak|Maksim-Smelchak]] of the [[Ministry of Science]] | |S3= Author & Contributor: Lord (Marquis) and Master of Sophontology [[User:Maksim-Smelchak|Maksim-Smelchak]] of the [[Ministry of Science]] | ||
Revision as of 14:26, 23 April 2019
Limited Liability or Ltd. is an old Terran form of corporation, and still broadly recognized across charted space.
- Business term & business charter
Description (Specifications)
Limited Liability: A limited company is a separate legal entity from its owners: the organization shields them from personal liability. In the event a company gets into financial trouble or declares bankruptcy, its owners are not personally liable for the debt.
History & Background (Dossier)
No information yet available.
References & Contributors (Sources)
|
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This list of sources was used by the Traveller Wiki Editorial Team and individual contributors to compose this article. Copyrighted material is used under license from Mongoose Publishing or by permission of the author. The page history lists all of the contributions.
- Traveller Wiki Editorial Team
- Author & Contributor: Lord (Marquis) and Master of Sophontology Maksim-Smelchak of the Ministry of Science