What is the distinction between Limited company and Unlimited company
There are two types of companies:
limited companies(Incorporated vehicles)and unlimited companies( Unincorporated vehicles ).
Limited companies have their own legal status.Or as a corporate structure that permits a company to be incorporated and flow all profits and losses to shareholders.
Unlimited companies is a Private firm (such as a sole proprietorship or general partnership) whose owner(s), partners, or stockholders accept personal and unlimited liability for its debts and obligations in return for avoiding double taxation of a limited company.