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Personal Liability Company Inc. - PTY Company Registration

A Personal Liability Company Inc. provides security for the owners of the company. Flexible profit distribution. Owners of a Personal Liability Company Inc. are free to decide how they want to distribute the profits to the members of the company – there are no fixed rules as with a Pty or CC.…

Limited liability company - Wikipedia

A limited liability company (LLC) is the US-specific form of a private limited company.It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.…

What is a ‘personal service company’?

In the contracting sector, the generally accepted definition of a personal service company is a limited company that typically has a sole director, the contractor, who owns most or all of the shares. The contractor’s personal service company generally supplies professional services to end user clients, either directly or via an agency.…

What is Personal Liability Insurance? - Nationwide

This is where personal liability insurance can kick in. Personal liability will cover the costs of medical bills, as well as your legal defense fees, up to the limit of your liability coverage. However, personal liability coverage may also be able to cover an incident that occurs outside your home or property.…