Define unincorporated business. unincorporated business synonyms, unincorporated business pronunciation, unincorporated business translation, English dictionary definition of unincorporated business. n a privately owned business, often owned by one perso
Related to Incorporated business: unincorporated businesscor·po·ra·tion (kôr′pə-rā′shən) n. 1. An entity such as a business, municipality, or organization, that involves more than one person but that has met the legal requirements to operate as a single person, so that it ma...
Unincorporated business definition: a privately owned business, often owned by one person who has unlimited liability as the business is not legally registered as a company. See examples of UNINCORPORATED BUSINESS used in a sentence.
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unincorporated [uhn-in-kawr-puh-rey-tid] Phonetic (Standard)IPA adjective not chartered as a corporation; lacking the powers and immunities of a corporate enterprise: an unincorporated business. not chartered as a self-governing village or city; lacking the tax, police, and other powers ...
The meaning of UNINCORPORATED is lacking corporate status : not formed into a legal corporation : not incorporated. How to use unincorporated in a sentence.
Definition:A partnership is an unincorporated business entity formed by two or more people. The owners of a partnership are called partners because they join efforts and resources to start the business. What Does Partnership Mean? Contents[show] ...
27、 or(ii) any unincorporated association or unincorporated body of persons, whether formed in the United Kingdom or elsewhere, including a partnership, joint venture or consortium.本合同所称 “人 ”包括:( i )自然人、法人、或依照任何法律或领域之法律,享有法人资格之主体。( ii)在英国或其他地域...
By comparison, unincorporated businesses, such assole proprietorshipsand traditionalpartnerships, do not afford full limits on liability for owners because there is no legal distinction between the business and its owners. If such a business were to become insolvent, its owners would be responsible fo...
General partnerships are unincorporated businesses. Those who form a general partnership don’t need to register their business with a state to function legally. General partnerships offer the flexibility to structure businesses however partners see fit. This gives those partners the ability to control ...