https://spec.edmcouncil.org/fibo/ontology/BE/PrivateLimitedCompanies/PrivateLimitedCompanies/PrivateCompanyWithLimitedLiability
hybrid business entity having characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are)
Instances of fibo-be-plc-plc:PrivateCompanyWithLimitedLiability can have the following properties:
| PROPERTY | TYPE | DESCRIPTION | RANGE |
|---|
@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix cmns-org: <https://www.omg.org/spec/Commons/Organizations/> .
@prefix fibo-be-le-lp: <https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/LegalPersons/> .
@prefix fibo-be-plc-plc: <https://spec.edmcouncil.org/fibo/ontology/BE/PrivateLimitedCompanies/PrivateLimitedCompanies/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .
@prefix xsd: <http://www.w3.org/2001/XMLSchema#> .
fibo-be-plc-plc:PrivateCompanyWithLimitedLiability a owl:Class ;
rdfs:label "private company with limited liability" ;
rdfs:isDefinedBy fibo-be-plc-plc: ;
rdfs:subClassOf fibo-be-le-lp:BusinessEntity,
cmns-org:LegalEntity ;
skos:definition "hybrid business entity having characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are)" ;
cmns-av:adaptedFrom "https://en.wikipedia.org/wiki/Limited_liability_company#Overview"^^xsd:anyURI ;
cmns-av:explanatoryNote "A private company with limited liability, although a business entity, is not a corporation. The primary characteristic this legal form shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation, and it is well-suited for companies with a single owner." .