Limited liability company in the context of "Skype Technologies"

A legal entity is an entity that has legal personality, giving it legal rights and obligations including allowing it to enter into contracts, own property, and to sue and be sued. A legal entity may be created in order to engage in business activities, charitable work, or other activities. Most often, legal entities in business are formed to sell a product or a service. There are many types of legal entities defined in the legal systems of various countries. These may include corporations, cooperatives, charities, partnerships, sole traders and limited liability companies, although not all of these may be legal entities in all jurisdictions. The specific rules vary by country and by state or province. Some of these types are listed below, by country.

A family farm is generally understood to be a farm owned and/or operated by a family. It is sometimes considered to be an estate passed down by inheritance.

Although a recurring conceptual and archetypal distinction is that of a family farm as a smallholding versus corporate farming as large-scale agribusiness, that notion does not accurately describe the realities of farm ownership in many countries. Family farm businesses can take many forms, from smallholder farms to larger farms operated under intensive farming practices. In various countries, most farm families have structured their farm businesses as corporations (such as limited liability companies) or trusts, for liability, tax, and business purposes. Thus, the idea of a family farm as a unitary concept or definition does not easily translate across languages, cultures, or centuries, as there are substantial differences in agricultural traditions and histories between countries and between centuries within a country. For example, in U.S. agriculture, a family farm can be of any size, as long as the ownership is held within a family. A 2014 USDA report shows that family farms operate 90 percent of the nation's farmland, and account for 85 percent of the country's agricultural production value. However, that does not at all imply that corporate farming is a small presence in U.S. agriculture; rather, it simply reflects the fact that many corporations are closely held. In contrast, in Brazilian agriculture, the official definition of a family farm (agricultura familiar) is limited to small farms worked primarily by members of a single family; but again, this fact does not imply that corporate farming is a small presence in Brazilian agriculture; rather, it simply reflects the fact that large farms with many workers cannot be legally classified under the family farm label because that label is legally reserved for smallholdings in that country.

A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include: the LLC in the United States, private company limited by shares in the United Kingdom, GmbH in Germany and Austria, Besloten vennootschap (BV) in The Netherlands and Belgium, société à responsabilité limitée (SARL) in France, società a responsabilità limitata (S.r.l.) in Italy, and sociedad de responsabilidad limitada (SRL) in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability.

A limited liability partnership (LLP) is a partnership in which some or all of the partners have limited liability. An LLP is the partnership form of a limited liability company (LLC) and has aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership in which each partner has joint (but not several) liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Depending on the jurisdiction, however, the limited liability may extend only to the negligence or misconduct of the other partners, and the partners may be personally liable for other liabilities of the firm or partners.

Unlike corporate shareholders, the partners have the power to manage the business directly. In contrast, corporate shareholders must elect a board of directors under the laws of various state charters. The board organizes itself (also under the laws of the various state charters) and hires corporate officers who then have as "corporate" individuals the legal responsibility to manage the corporation in the corporation's best interest. An LLP also contains a different level of tax liability from that of a corporation.

Pantone LLC (stylized as PANTONE), is an American limited liability company headquartered in Carlstadt, New Jersey, and best known for its Pantone Matching System (PMS), a proprietary color naming system used in a variety of industries, notably graphic design, fashion design, product design, printing, and manufacturing and supporting the management of color from design to production, in physical and digital formats, among coated and uncoated materials, cotton, polyester, nylon and plastics.

The company is a subsidiary of X-Rite, which is a subsidiary of Veralto.

Lima Airport Partners S.R.L. is a Limited liability company that operates Peru's main airport: the Jorge Chávez International Airport in Callao, near Lima. It was founded in February 2001 and holds a 30-year concession to operate the airport. The company is 80.01% owned by Fraport AG of Germany.

Utopia, Limited; or, The Flowers of Progress, is a Savoy opera, with music by Arthur Sullivan and libretto by W. S. Gilbert. It was the second-to-last of Gilbert and Sullivan's fourteen collaborations, premiering on 7 October 1893 for a run of 245 performances. It did not achieve the success of most of their earlier productions.

Gilbert's libretto satirises limited liability companies, and particularly the idea that a bankrupt company could leave creditors unpaid without any liability on the part of its owners. It also lampoons the Joint Stock Company Act by imagining the absurd convergence of natural persons (or sovereign nations) with legal commercial entities under the limited companies laws. In addition, it mocks the conceits of the late 19th-century British Empire and several of the nation's beloved institutions. In mocking the adoption by a "barbaric" country of the cultural values of an "advanced" nation, it takes a tilt at the cultural aspects of imperialism. The libretto was criticised as too long and rambling by some critics and later commentators, and several subplots introduced in Act I are never resolved.

Società per azioni (Italian: [sotʃeˈta pper atˈtsjoːni]; abbr. S.p.A. or spa [ˌɛssepiˈa]) is a form of corporation in Italy and San Marino, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to S.A. or public limited company (PLC) in other countries.

The other common form of corporation in Italy is società a responsabilità limitata (S.r.l.) ('limited liability company'). S.p.A. issued shares (Italian: azioni), while in S.r.l. the unit was quote/stock of share capital. Moreover, the articles of association of S.r.l. allowed different allocation of profit and assets, which was more comparable to a limited partnership.