Unlimited company re-registration

An unlimited company is a company whose members are not limited in their liability to contribute to the obligations of the company on winding-up. There are two key reasons why people might opt to use an unlimited company rather than a limited company as their chosen form of business vehicle:

•
privacy (unlimited companies are not required to file accounts), and
•
flexible capital maintenance rules (unlimited companies are not subject to the same Companies Act 2006 (the CA 2006) restrictions in relation to its share capital)

For details on unlimited companies, see Practice Note: Unlimited companies.

The CA 2006

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