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What are the characteristics of a limited liability company?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/04/08
Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Al Muzun Holding Group

The limited liability company, most of the cases is Sole proprietorship OR some type of partnership that has an agreement that state clearly  the limited liability of the company. Liability of the company is up to the the assets of the company, not to the extend of the personal ownership of the owners.

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

Shareholders are liable up to their shareholding.

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