Posted by New company on June 11, 2011 at 08:24:40 from (68.149.56.30):
In Reply to: JohnT posted by tractorfixer1 on June 11, 2011 at 07:53:17:
They most likely mean the exact same thing, same as corporation. Ltd, Inc, Corperation and LLC can be used interchangeably. It means the business is incorperated and the business owner/directors have a lot more protection in case of lawsuits against the company. They are protected from being held personally liable for company debts. They are not protected in all cases though. If the company owner and/or a company director was grossly negligent and personally responsible for debts or a lawsuit against the company, they could still be held liable. I'm sure someone will be able to explain that better than I did. I was just trying to say that a lot people think being incorperated protects the directors of the company from any possible lawsuits or debts a business incurs and that's not the case. If you work by yourself you may not need to be incorperated right off the bat. You'll need liability insurance but could operate as a sole proprietorship until you get bigger or hire more employee's. You may or may not need a business license as well. You'd have to check with your jurisdiction for the particular type of business you want to start..
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.