Sentences with phrase «of unlimited liability»

• Nova Scotia's companies» legislation allows for the use of unlimited liability companies, which creates a number of opportunities to assist in dynamic cross-border transactions and other tax planning matters.

Further, recognition of a duty of care in this case would not create a spectre of unlimited liability to an unlimited class of claimants or result in undue hardship to the appellant.

It limits the Company's liability within an appropriate framework, reduces potential risk of unlimited liability and reputational risk thereby securing the valuable assets of the company.

Not exact matches

And therein lies the key drawback of these basic forms: You have unlimited liability for your business's debts.

Unlimited liability: This means that in case the business runs bankrupt, the assets of the business owner will be sold to clear off the debts.

General Partner: an owner of a partnership who has unlimited liability and who is active in the day - to - day operations of the business.

For his part, Sam's father, overwhelmed by the responsibilities of being a single parent and his apparently unlimited liability in the face of Sam's seemingly interminable dependence on him, lived his life as though his identity were simply that of the man whose son has an appalling medical history, whose wife has committed suicide, who alone is responsible for caring for his almost unmanageable son for the rest of his life.

A letter to Gov. Andrew Cuomo this signed by the women of color in the state Assembly urged him to push for the adoption of early voting and the closure of the loophole in election law that allows for unlimited donations through a web of limited liability companies.

At the moment, a single campaign donor can give unlimited contributions through a network of limited liability companies or LLCs.

Back in Albany, Senate Democrats today made a renewed push for the closure of a loophole that allows single donors to give unlimited funds through a web of limited liability companies.

Squadron has a bill that would close the loophole, which allows individuals to contribute virtually unlimited amounts of money to a campaign by funneling it through a limited liability company.

Many of the measures were listed on Cuomo's 2018 State of the State agenda, including closing a loophole in election law that allows for unlimited political donations through a network of limited liabilities companies, as well as early voting.

Longtime League of Women Voters lobbyist Barbara Bartoletti expressed frustration at the lack of action on items including closing a giant campaign finance loophole that allows big money donors to make unlimited contributions to candidates by setting up multiple Limited Liability Companies.

Cuomo normally prefers to negotiate quietly with legislative leaders on proposals before actually writing legislation, but this time he's penned eight different versions of a bill to close the campaign donation loophole that allows unlimited contributions from limited liability companies and he's presented it to the legislature.

Our analysis underscores how unlimited campaign contributions - as limited liability companies effectively have no limits - warp our elections and result in important policy decisions being driven by the demands of wealthy special interests.

But a loophole allows companies to create unlimited amounts of limited liability corporations known as LLCs that can each give up to $ 150,000 in campaign donations.

A coalition of groups on Monday urged the state Board of Elections to prohibit the practice of allowing individual donors to give unlimited campaign contributions through a network of limited liability corporations.

ALBANY — Since a 1996 opinion from the state Board of Elections resulted in a system in which owners of multiple limited liability companies can give effectively unlimited amounts of money to candidates for office, nobody has raised more money from LLCs than Gov. Andrew Cuomo.

The loophole that allows those controlling Limited Liability Companies to donate essentially unlimited amounts of campaign contributions is an example of the loophole that swallows the law.

Close the «LLC» Loophole, which allows an individual to make an essentially unlimited number of political contributions via the Limited Liability Companies they control — a common tactic of real estate moguls.

Cuomo normally prefers to negotiate quietly with legislative leaders on proposals before actually penning legislation, but this time he's written eight different versions of a bill to close the campaign donation loophole that allows unlimited contributions from limited liability companies (LLCs), and he's presented it to the legislature.

At the same time, the agreements were notable for what they did not include: expanding ride - hailing companies to service upstate New York and the long - sought effort to end the practice of unlimited donations through limited liability companies.

In an open letter released on Tuesday, Gipson called for a special session to deal with ethics and campaign finance legislation, namely the closing of the loophole in state election that allows for unlimited donations to flow from a web of limited liability companies.

But major victories for good - government watchdogs such as public financing of political campaigns and ending the practice of donating unlimited funds to political campaigns through a web of limited liability companies has alluded passage so far.

Cuomo's prescriptions in his 2016 State of the State speech included closing a legal loophole that lets campaign donors funnel unlimited sums to candidates through limited - liability companies; requiring office holders to report campaign contributions every 60 days instead of twice a year; allowing lawmakers to earn no more than 15 percent of their legislative salaries in private - sector work; and adopting a system of voluntary public campaign financing similar to what New York City has.

Cuomo has previously called for an end to the so - called loophole in election law that allows unlimited donations through limited liability companies as well as limits to the amount of money state lawmakers can earn outside of public service.

Senate Democrats on Monday unveiled a package of ethics reform legislation that would cap outside income, strengthen disclosure requirements and close a loophole in campaign finance laws that guarantees unlimited contributions from limited liability corporations.

Measures the conference will highlight this week include bills aimed at restricting outside income and disallowing the practice of funneling unlimited funds through limited liability corporations.

Kaminsky announced Monday he would back a pledge that vowed to back closing the loophole in state election law that allows limited liability companies to give unlimited donations as well as limit outside income for state lawmakers and curtail the use of discretionary spending in the budget.

Mr. Cuomo's office had no immediate response to the proposal, which also included a plan to close the so - called L.L.C. loophole, which allows corporate interests to spend almost unlimited amounts of money on campaigns by channeling contributions through limited liability companies, which can be designed to provide little transparency.

This bizarre legal loophole allows essentially unlimited contributions to state political campaigns by allowing people to make contributions via an unlimited number of Limited Liability Corporations, or shell companies.

Eighty - four percent would back term limits for lawmakers and 79 percent back term limits for state elected officials; 77 percent support ending the practice of limited liability companies giving unlimited funds to campaigns; 74 percent back allowing initiative and referendum on the ballot; 65 percent support banning full - time employment for the Legislature.

That's meant that the so - called LLC loophole — an industry favorite that allows property owners and other private interest groups to pour unlimited amounts of cash into political campaigns though multiple limited liability companies — has remained in place.

The state needs to close damaging loopholes that allow unlimited donations for party slush funds or that allow the creation of multiple limited liability corporations to evade contribution limits.

Longtime League of Women Voters lobbyist Barbara Bartoletti expressed frustration at the lack of action on items, including closing a giant campaign finance loophole that allows big money donors to make unlimited contributions to candidates by setting up multiple limited liability companies.

Good government groups see the pension forfeiture measure as a token reform and have pressed for the closing of the «LLC loophole» that allows businesses to create multiple limited liability companies to donate virtually unlimited amounts of campaign cash; public financing of candidate campaigns; the end of lump sum appropriations in the budget; limits on political contributions by companies with business before the state; limits on legislators» outside income; and a renovation of Albany's ethics watchdog, the Joint Commission on Public Ethics (JCOPE).

When I consulted with top tech firms, I always found that the surefire way to get a CEO's attention was to drop your voice and whisper about the possibility of «unlimited liability.»

General partner: The partner who has the responsibility to manage the business and affairs of a limited partnership, and who has unlimited liability.

There are a nearly unlimited number of ways that liability coverage can protect you.

In terms of criminal liabilities, while victims will obviously suffer financial and reputational theft and loss or risk of loss (as well as personal distress / harm), perpetrators will be liable for sentences of imprisonment or unlimited fines, together with compensation and confiscation orders.

This unlimited liability occurs because the most common forms of business entity are sole proprietorships and general partnerships.

This type of entity provides an alternative to a general partnership for which the partners have unlimited personal liability for corporate debts.

She has assisted in advising clients on inbound investments, unlimited liability companies, cross-border financing, tax withholding and reporting requirements for cross-border businesses, corporate and personal tax matters arising from cross-border employment arrangements as well as the personal tax implications of immigration and emigration.

Nothing in those documents is to be taken to indicate that Linklaters LLP or any of its limited liability affiliated undertakings are unlimited liability undertakings or general partnerships.

Nineteen years is an awfully long time to wait to challenge even a series of pay decisions — and Alito and the majority apparently do not believe that employers should face unlimited liability for past salary decisions that may reach back many years, or even decades.

Generally, the ease of starting and maintaining a Sole Proprietorship makes it a good choice for small, low risk ventures where unlimited liability is unlikely to cause problems.

There will also generally be unlimited liability for any breaches of contract, exposing you to significant risk.

No case has been made out to justify the expansion to unincorporated practices — there is no justification for allowing this intrusion into management of a business by principals who have unlimited liability for that business.

Although at - fault liability for damages in the event of a spill or debris remains unlimited under ESSA, the limit for no - fault, absolute liability is significantly higher.

A partner in a general partnership has unlimited liability for the debts of the partnership.