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A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
A proprietary company, the characteristic of which is abbreviated as "Pty", is a form of privately held company in Australia, Namibia and South Africa that is either limited or unlimited. However, unlike a public company there are, depending on jurisdiction , restrictions on what it can and cannot do.
In South Africa, the term "Proprietary Limited", abbreviated "(Pty) Ltd", is used to refer to a private limited company. All South African companies are regulated by the CIPC (Companies and Intellectual Property Commission). [4] [5]
The resulting public outcry resulted in Momentum granting the claim to Ganas' family and discussions with the South African Financial Sector Conduct Authority so as to avoid similar situations in the future. Momentum agreed to amend its policy to payout life insurance claims up to R3 million resulting from violent crime regardless of pre ...
While L3Cs are a separate legal form of business entity, L3Cs structure most closely emulates that of a limited liability company (LLC). [18] The most notable difference between L3Cs and LLCs is that L3Cs are required to have a socially beneficial mission as their primary objective. [2] Below are several noteworthy characteristics of L3Cs:
A besloten vennootschap (Dutch pronunciation: [bəˈsloːtə(ɱ) ˈvɛnoːtsxɑp], lit. "private partnership"; besloten vennootschap met beperkte aansprakelijkheid, lit. ' closed company with limited liability ', abbr. bv) [a] or société à responsabilité limitée (SRL) [b] is the Dutch and Belgian version of a private limited liability company.
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