Why the limited or PLC helps you in the liquidation especially in USA chapter 11?
The chapter 11 in USA gives you ample flexiblity to survive then why create the cap 11 . or the PLL or PLC or LTD co.
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A "Limited company" (abbreviated Ltd or PLC, Plc or plc) is a business structure used in Europe and Canada, in which shareholder responsibility for company debt is limited, usually to the amount he/she has invested in the company. (see ref below)
This is a feature that allows companies to raise capital by selling stock because, if a company goes bankrupt, a shareholder isn’t liable for debt or liability of a company beyond a set small amount.
If you and Jones invest together and form a partnership — Smith and Jones — and you put in $5 and Jones puts in $5 – then if Jones borrows $500,000 or gets your company sued for $1 million– *you* Mr. Smith are liable for all the debt. But if you form a limited corporation and each own $5 shares, your liability is limited.
What did you call me?