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Unlimited company and guarantee company:

This query is : Resolved 
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(Querist)
20 November 2011 Dear all,

Please provide me theory and provisions regarding unlimited and guarantee company and

Are unlimited and guarantee companies more convenient vehicles for growth over limited companies. (Any Examples)


Thanking You
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CS Pawan Kumar Baid

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CS Pawan Kumar Baid (Expert)
21 November 2011 In unlimited company, liability of members is not limited, and in guarantee company, liability of member is limited to the amount which they agree to give (guarantee) at the time of liquidation.

I am not of the view that these company are convenient for growth, as they have either high risk or limited scope.

Limited company (by share) will give better growth due to limited liability and free transferability of share.

Regards
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