Sentences with phrase «unlimited liability for»

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

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

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.

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.

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

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.

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).

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

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

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

Not exact matches

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.

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 liFor 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 lifor caring for his almost unmanageable son for the rest of his lifor his almost unmanageable son for the rest of his lifor 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.

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.

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.

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.

On campaign finance reform, Cuomo again this year said he wanted to close the LLC loophole, which allows limited liability companies to donate to campaigns under the same provisions to which individuals, providing virtually unlimited opportunities for entities to donate cash.

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 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.

The measures include provisions Assembly Democrats have backed in the past, including an end to unlimited political contributions funneled through limited liability companies, new regulations for party conference «housekeeping» or soft money accounts and new transparency proposals for lobbying funds.

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.

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.

The BOE issued a ruling that allowed limited liability corporations, or LLCs, to be treated as individual donors and individuals to donate unlimited funds to candidates for state - level offices by creating multiple LLCs.

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.

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).

Plan sponsors have unlimited fiduciary liability for their qualified retirement plan and participants.

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 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.

Since no distinction is made between you and the business you operate, you have unlimited personal liability for any business debts you incur.

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.

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.

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.

• 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.

If you're under permanent lease to a motor carrier that provides your Primary Liability coverage, you could benefit from our Non-Trucking Liability (NTL) coverage with unlimited radius while using your truck for a personal non-business purpose.

Liability is covered for an unlimited amount with respect of death or injury and damage to third party property for Rs 7.5 lakhs under Commercial Vehicle and private and Rs 1 lakh for Scooters / Motor Cycles.

So between a driver's mandated coverage (personal injury protection, property protection, and residual bodily injury and property damage liability coverage) and the Michigan Catastrophic Claims Association — which is a special fund set up to cover what insurers won't — victims of a crash receive unlimited medical coverage for as long as they need it.

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

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Nothing in the Marvel Unlimited Terms shall exclude or restrict liability for fraud or for death or personal injury caused by negligence, damages caused by gross negligence or willful misconduct or any other liability which can not be restricted or excluded by law.

At any time, and for any reason, Marvel may provide a refund, discount, or other consideration to any one or more Marvel Unlimited member, at Marvel's sole and absolute discretion and without admission of fault or liability.

«There isn't any aspect of our career that has the same potential for liability or unlimited damages,» she says.

With a biz CC You are now 100 % liable for fraudulent purchases with no cap (unlimited liability), subject to sudden and sharp interest rate increases, retroactive rate increases, shorter billing cycles, they can pierce the corporate veil to come after your personal assets if you miss payments.

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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.