Events Tagged: "limited liability"

Genoa develops accomandita partnership form - sleeping partners with limited liability, active partners with unlimited liability

Muscovy Company chartered - first English joint-stock company with perpetual succession and limited liability

Adam Smith's Wealth of Nations criticizes limited liability - argues unlimited liability ensures prudent management

Limited Liability Act - shareholders' liability limited to unpaid share amount, revolution in corporate finance

Joint Stock Companies Act consolidation - general incorporation with limited liability by simple registration

Salomon v. Salomon litigation begins - test case for one-man company and corporate personality

German GmbH Act - creates new limited liability company form for small business, spreads across Europe