société anonyme
English translation: limited company (UK)/corporation (US)
| 17:51 Feb 7, 2024 |
| French to English translations [PRO] Law/Patents - Business/Commerce (general) | |||||||
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|  Selected response from: Francois Boye United States Local time: 04:06 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 4 | limited company (UK)/corporation (US) |
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| 4 | limited liability company or public limited-liability company |
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| 4 -7 | Anonymus Company |
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| Summary of reference entries provided | |||
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| https://www.investopedia.com/terms/s/socit-anonyme.asp |
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| about the anonymous thing |
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| Discussion entries: 9 | |
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Answers
7 hrs confidence: 
limited company (UK)/corporation (US) Explanation: A limited company is a form of business which is legally separate from its owners (typically shareholders) and those appointed to run it (directors). Its defining characteristic is limited liability, which we explain below. In the UK, all limited companies must be incorporated at Companies House and given a unique company registration number. It must have either Ltd. or Limited at the end of its company name – the founders are free to choose which. This gives the company a separate ‘legal personality’ from the people who run it. In the eyes of the law, a limited company has the same rights and responsibilities as a human. Limited companies are governed by the requirements of the 2006 Companies Act and the company’s own articles of association. Limited companies must by law make regular filings of information to Companies House. That information is held on the public register which is available for anyone to see. -------------------------------------------------- Note added at 8 hrs (2024-02-08 01:52:55 GMT) -------------------------------------------------- A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. A distinguishing characteristic of a corporation is limited liability. Its shareholders profit through dividends and stock appreciation but they are not personally liable for the company's debts. Almost all large businesses are corporations, including Microsoft Corporation and the Coca-Cola Company. |
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Grading comment
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1 hr confidence: peer agreement (net): -7
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