"djc" wrote in message
k...
Brian Sharrock wrote:
IF 'the company' is entitled $Something 'Ltd'; - that's a 'WARNING' that
the company's total liability is _limited_. Check Company's House for the
limit of their total liability.
If it's a partnership there's no limit to their liability - but presume
that 'efry fings in the wife's name sniff'.

The limited in limited company refers to the liability of the shareholders
for the debts of the company, not the company's liability to its
customers. If something goes wrong you have claim on whatever the company
has (if anything) but only after the Tax Man, and the Bank etc.

In my paragraph .above .. insert the word 'shareholders' ' between
'company's ' and 'total' to satisfy ' 's
comment. {whoever s/he is ! }

It should be understood that a 'company' is a juridical person separate from
it's shareholders whereby the Directors thereof are nominated by the
shareholders to act in the capacity of locutors for the company and are
empowered to enter contracts for and on behalf of 'the company' Any
practical difference between 'the shareholders' and the 'company' and their
respective liabilities is left as an exercise for the gentlemen(?) who asked
the question ' what's my prospect of getting back a deposit if the DG
'company' goes broke (?) {paraphrased].

--

Brian

'