05-06-2008, 08:44 AM
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#10
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Senior Member
Join Date: Jan 2007
Location: Caracas- Venezuela
Posts: 855
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Quote:
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Originally Posted by Frank van den Eeden
Hola Hebe,
I don't want to be the wise guy,
but my previous answer was sent simultaneously with yours...
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You are not a "wise guy" Frank you are a man of wisdom
As regards the notion of the word "limited", based on your comment there seems to be a significant difference between the UK legislation and the Venezuelan legislation. In Venezuela the liability of "sociedades anónimas" is unlimited, as opposed to Sociedad de Responsabilidad Limitada; who in the event of contingency will only be liable for up to a limited amount established in the Venezuelan Code of Commerce. In both cases the Company is responsible under a (unlimited or limited) liability. Conversely, Limited Partnerships (comanditas) bear no liability because they do not have juridical personality (status), therefore their responsibilities lie in the head of their partners.
Best regards
__________________
Hebe ♥ ♫
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