Sentences with phrase «unlimited liability»

If partnership is an option you can choose a «traditional» partnership with unlimited liability for the partners or you can establish a limited liability partnership.

In a general partnership, there's also the issue of unlimited liability.

There is unlimited liability in motor third - party policies.

If the private insurance industry agree, such unlimited liability coverage for the nuclear industry would be available at negligible cost..

We utilize a wide array of corporations, limited and unlimited liability partnerships, trusts and other entities for the business and financial benefit of our clients.

Selling naked options is extremely risky and represents potentially unlimited liability to the seller.

In old days, unlimited liability made banks more cautious.

However, partners in a Scottish partnership have the same unlimited liability towards third parties as they would have under English law and they have the same duty of good faith.

• 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.

We also assist many local, national and international businesses, including US enterprises that carry on business in Canada using Nova Scotia unlimited liability companies, with their debt financing and other legal requirements in Atlantic Canada.

It also provides unlimited liability cover for... Read more

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.

Regardless of whether the manager of the LLC is an individual member or an outside party the LLC does not create unlimited liability exposure for the manager.

You are the only person or team that stares at your exact problem every single day, obsesses about your decisions at bedtime every night, wakes up in a sweat at 4 am with decisions spinning in your brain about whether you should sign a deal with unlimited liabilities or not.

Under the Pipeline Safety Act, in the event that an environmental incident occurs with respect to one of our pipeline assets, we will have unlimited liability if we are determined to be at fault or negligent.»

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.

There is where the unequal yoke appears amid unlimited liability.

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.

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.

Hansell also believes the Limited Partnerships Act should be revised to make Ontario more attractive for business by reducing the risk of unlimited liability faced by limited partners in Ontario.

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.

For reference, I'm from the UK where all car insurance is required to provide unlimited liability for 3rd party claims (c.f. the Great Heck rail crash).

This involves considerations such as whether the law already provides a remedy, whether recognizing a new duty of care would create unlimited liability to an unlimited class, or other reasons of broad policy that suggest a duty of care should not be recognized.

Scottish banks with unlimited liability.

There is unlimited liability in motor TP policies, meaning that there is no limitation on the size of the claim.

Nothing in those documents is to be taken to indicate that Stephenson Harwood LLP or any of its limited liability affiliated practices are unlimited liability partnerships, general partnerships, or in general partnership with each other.

I am a UK lawyer and we efectively have unlimited liability for road accidents.

Also, in the past, trust investors have worried about the potential for unlimited liability, but in 2004 those fears were largely put to rest as Alberta and Ontario both passed legislation limiting liability for trust investors.

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.

Unlimited liability: General partnerships means that all the partners have unlimited liability.

The general partners within a silent partnership have unlimited liability, but silent partners only have limited liability.

Users are legally responsible for what they submit to the site and accept full and unlimited liability for their submissions.

In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business.

A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business.

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.»

Limited and unlimited liability / sole traders 24.

You already own the stock so you have protected yourself from the unlimited liability situation associated with naked call writing.

Writing naked options exposes an investor to unlimited liability.

General partners have unlimited liability.

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

In fact, you have the exact opposite: unlimited liability.

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.

Sometimes rather than allowing for the above to be subject to unlimited liability the parties can agree specific sub-caps, which apply specifically for a type of breach.

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.