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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, 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 .

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55-555: JW may refer to: Jack Wills , a British clothing brand Jehovah's Witnesses , a Christian denomination John Wick , an action film franchise (since 2014) starring Keanu Reeves Joko Widodo , 7th president of Indonesia, 16th governor of Jakarta, and 15th mayor of Surakarta Juice WRLD (1998–2019), an American rapper and singer Jurassic World , 2015 adventure film by Colin Trevorrow Jurassic World (franchise) ,

110-534: A Gesellschaft mit beschränkter Haftung (GmbH) takes the role of the fully liable partner. For the purpose of taxation, the Bundesfinanzministerium (German Federal Ministry of Finance) gives detailed guidelines of the circumstances under which an LLC is to be considered to be a "corporation" or as a "limited partnership". It is useful to note, however, that the original LLC statutes of Wyoming and other US states were more or less explicitly modeled after

165-431: A Sociedade Unipessoal Limitada the same rules apply as for other Sociedades Limitadas Bulgarian legislation corresponds LLCs (Ltd, GmbH, SARL, etc.) as "Дружество с ограничена отговорност" ( Druzhestvo s ogranichena otgovornost ; company with limited liability). Companies incorporated under this structure append the cyrillic abbreviation ООД (Latin script: OOD) to their name. In the case of an LLC incorporated with

220-461: A corporation ; on the other hand it could be considered to be a kind of Kommanditgesellschaft (KG), which is the German equivalent of a limited partnership . Based on the literal translation of the word "company", an LLC should be considered to be a kind of KG without any liable partner. The German equivalent that comes closest to LLC, is GmbH & Co KG , a nested Kommanditgesellschaft (KG) where

275-401: A (separate from its owners) legal personality, which gives it the ability to do certain actions under law, and it is considered a "corporation". The minimum start capital is 5,000 PLN (since 2009; until then, 50,000 PLN). In Portugal, LLCs are called " Sociedades por Quotas ", that is, "company by shares", usually abbreviated Lda. . They are tax subject, and company shares cannot be sold in

330-478: A 52% stake and 21% stake, respectively. In 2012, Williams debuted on the Sunday Times Rich List , coming in at number 370, with an estimated worth of £200 million ($ 326 million). In May 2013, Williams announced he was stepping aside as CEO to become a non-executive director. Former chief marketing officer of Vodafone , Wendy Becker, was appointed as CEO soon afterwards. In February 2014, it

385-508: A Russian limited liability company shares the same name with an American LLC, it is different in many ways. Most importantly, a Russian LLC is not tax transparent: the company is taxed at the corporate level, and then, upon distribution of dividends, shareholders pay income tax (personal or corporate). A limited liability company is the most popular form of legal undertaking in Russia for simple shareholding structures. The minimum capital required

440-425: A limited liability company ( Albanian : Shoqëri me përgjegjësi të kufizuar Sh.p.k ) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreements. Partners' contributions constitute the registered capital of a limited liability company. Each partner has his quota in the company in proportion to

495-465: A minimum of ₹ 1 lakh (equivalent to ₹ 1.5 lakh or US$ 1,800 in 2023) as a subscription amount to incorporate a private limited company. A private limited company can have at most 200 members. A company with one member is referred to as a One Person Company. The Companies Act, 2013 is the regulating Act along with the Rules (Delegated Legislation), Notices, Circulars and Notifications issued by

550-1122: A new type of business organization, godo kaisha (J-LLC), a close variant of the American LLC. Japanese Tax authority does not consider J-LLC (Godo-Kaisha) a pass-through entity, but as a taxable entity. Limited liability company in Latvia is referred to as sabiedrība ar ierobežotu atbildību (SIA). SIA is taxed as a corporation. The minimum share capital required by law is €2,800. But it is allowed to set up SIA with share capital €1.00, but it must be increased to minimum share capital €2,800 by increasing share capital with money or by moving at least 25% from annual profit until capital will be €2,800. Mexican legislation contemplates LLCs as Sociedades de Responsabilidad Limitada (including Sociedades de Responsabilidad Limitada de Capital Variable ), also known for their abbreviation "S. de R.L." (or "S de R.L. de C.V.") ( limited liability company or limited liability company with/of variable capital ). S. de R.L.'s award limited liability to its members up to their contribution in

605-448: A public market, since 2006 the transference of them is not required to be done in the presence of a civil law notary , except if the company owns buildings, in the same way other major properties have to be sold. Nonetheless, the responsibility of the partners is limited to the capital share they hold, and there is no minimum capital required by law for a Lda. in excess of the minimum value of €1 per share, and thus per partner. The capital

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660-436: A sole-shareholder/member (sole-ownership), this is designated and known as "Еднолично дружество с ограничена отговорност" ( Ednolichno druzhestvo s ogranichena otgovornost ; sole-ownership company with limited liability) and abbreviated as ЕООД (EOOD). The EOOD specifically, is exempted from annual, general or extraordinary meetings for making decisions and may just issue written resolutions. Colombian legislation contemplates

715-503: A state of undress. In their ruling, the ASA said that "we concluded that the catalogue was sufficiently provocative as to present a risk to younger teenagers." Aubin & Wills was launched by Jack Wills in September 2008 as a sister brand, aimed at customers, aged 25 and up. Its slogan was "Modern British design inspired by the past living in the present". In November 2012, Jack Wills announced

770-663: A uniquely cherished part of your life. I thought if you could create a brand that epitomised that it would be very compelling." The brand was a success, with a second store being opened in Fulham , London, in October the same year. The store was ram-raided and was closed down, but a further store was opened in Aldeburgh , Suffolk. As the business grew, Jack Wills stores were opened in places with universities or private schools, such as Eton , Oxford , Winchester and St Andrews . Originally, it

825-608: A very similar structure as mentioned above in the Chilean case. The Ltda. abbreviation is also used in Colombia. In Croatia, a private limited liability company is termed društvo s ograničenom odgovornošću (literal: limited liability company), abbreviated d.o.o. . A public limited liability company is termed a dioničko društvo (literal: joint stock company) abbreviated d.d. . Czech legislation contemplates LLCs as společnost s ručením omezeným ( s.r.o. or spol. s r.o. ). An s.r.o.

880-467: A ‘private school’ and ‘preppy’ branding, as the Jack Wills pricing strategy means the clothes may not be considered affordable to everyone. Jack Wills feature sports-oriented, collegiate branding, for example apparel relating to polo , rugby , and also rowing , such as the J.W.R.C (Jack Wills Rowing Club). Jack Wills' "University Outfitters" title reflects its target market: university students. However,

935-412: Is 10,000 Russian rubles . Also, the Russia have Closed Action Company - "Закрытое Акционерное Общество" 26.12.1995 N 208 - The Law of Federation "(about) Action Company" or "Joint-stock company" or "The limited liability company have stock or share" 12.26.1995 N 208, as Closed Joint-stock company and Open Joint-stock company. A Closed Joint-stock company such as a Limited Liability Company. But they have

990-524: Is abbreviated "Hf." with minimum capital of 4,000,000 kr. Almost 93 percent of the companies incorporated in India are registered as Private Limited Companies. The Ministry of Corporate Affairs is the governing body which regulates all Private Limited Companies in India. The main law regulating Private Limited Companies is the Companies Act 2013 . Prior to 2015, the shareholders (known as members) had to pay

1045-449: Is different from Wikidata All article disambiguation pages All disambiguation pages Jack Wills Jack Wills is a British clothing brand founded in Salcombe , Devon , in 1999. Peter Williams and Robert Shaw founded the brand in 1999. Williams was 23 when the first store opened at 22 Fore Street, Salcombe, and it was created with £40,000 – the founders slept above

1100-406: Is no longer 200 RON, it was reduced to 1 RON which currently amounts to less than €0.2. In Russia and certain other former Soviet countries, an entity with a somewhat similar structure is known as Общество с ограниченной ответственностью (Obshchestvo s ogranichennoy otvetstvennost'yu) (lit., "company with limited liability"), usually abbreviated OOO, or in some CIS countries as OcOO. Although

1155-445: Is not required to be deposited at the time of the registration of the company, instead the share holders have until 31 December of the year the registry was made. Romania recognizes the limited liability company since 1990 under the name of societate cu răspundere limitată (S.R.L.), in which the owners are personally liable for the company obligations within the limit of their contribution to social capital. The minimum start capital

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1210-551: Is not technically comparable to an LLC because the profits are still subject to double taxation. Czech law does not offer a possibility to start up a limited company without the possibility of avoiding double taxation. As of 2014 the liability is not limited in Czech, since managing director ( jednatel , mandatory board member in Czech LLCs) bears full liability that extends to all of his/her property, including private one. The Danish form of

1265-420: Is that all business income that is sourced outside of Hong Kong is tax exempt. Hungarian legislation contemplates LLCs as korlátolt felelősségű társaság . Companies working under this structure append the abbreviation Kft. to their name (spelled capitalized as part of the name). Hungarian LLCs are required to have a 3 million HUF (Hungarian forint; approx. US$ 10,000) starting capital. The time of formation by

1320-688: The kommandittselskap (KS). In a K/S there are two types of participants, one komplementar which is fully liable, and one or more kommandittist , with limited liability. There are minimum capital requirements. The KS is a tax-transparent company, which means the income "passes through" the company directly to the shareholders. In Pakistan, LLCs are known as private companies that end (Local Liability Company) with Pvt. Ltd. They should have at least Rs. 100,000 as their minimum paid up capital. The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for all listed companies to file their documents, returns, accounts and applications through

1375-889: The Channel Islands ( St Peter Port and St Helier ), and one in Northern Ireland ( Belfast ). There were also eight outlet stores across the UK; Gunwharf Quays in Portsmouth , Banbridge in Northern Ireland, Bicester , Halifax , Cheshire Oaks , Street, Somerset , Swindon and Wembley in London. In the Republic of Ireland there was also a Jack Wills outlet store in the Kildare Outlet Village, close to Dublin , even though sales of

1430-591: The Trade Code (Decree Law N° 14379 of February 25, 1977), its modifications and other supplementary laws. The members participate in it through capital stakes, and their liability is limited to the value of their contributions. The number of members must be minimum 2 and maximum 25. Bosnian and Herzegovinian legislation, similarly to that in Serbia, Montenegro, North Macedonia contemplates LLCs as društvo s ograničenom odgovornošću (d.o.o.). Companies using this structure append

1485-461: The EU. The Hungarian EU-VAT reg. number starts with "HU". This way the existence of the subject company, VAT issues and the cross-check is available on the common EU website for companies. According to Icelandic legislation, there are two main types of LLC forms, private and public held limited liability forms. Private LLC is abbreviated "Ehf." The minimum capital of 500,000 Icelandic krónas (kr.). Public LLC

1540-610: The Finnish version of the LLC is the Oy ( osakeyhtiö ) or in Swedish Ab (aktiebolag). An Oy is taxed as a corporation. Since 1 July 2019, there is no minimum capital required by law. Because of its hybrid characteristics it is very difficult to determine the German equivalent. On one hand it is possible to consider it as a kind of Gesellschaft mit beschränkter Haftung (GmbH) because it has aspects of

1595-558: The GmbH. A limited liability company (LLC) in Greece is synonymous to an EPE (ΕΠΕ - Εταιρεία Περιορισμένης Ευθύνης). In Hong Kong, the Limited Company is the most commonly incorporated type of company and bears the characteristics of a Limited Liability Company. The core characteristics of a Hong Kong Limited Company include: i) it requires a minimum of one shareholder and one director (can be

1650-574: The Jurassic World franchise originating with the 2015 film JW , a patient with a "split brain" JW, a catalogue of works by Leoš Janáček The Jewish War , a c. AD 75 history book by Josephus Vanilla Air (2013-2019, IATA code JW), a Japanese airline Arrow Air (1947–2010), an American cargo airline JW (Hong Kong singer) , a Hong Kong singer and actress ⟨jʷ⟩, IPA for a voiced labial–palatal approximant See also [ edit ] WJ (disambiguation) Topics referred to by

1705-557: The LLC is the kommanditselskab (K/S). There is no minimum capital requirements. In a K/S there are two types of shareholders, the komplementar which is fully liable, and the kommanditist which liability is limited. The K/S is a tax-transparent company, which means the income "passes through" the company directly to the shareholders. Dominican Republic legislation contemplates LLCs as Sociedad de Responsabilidad Limitada , also known by their abbreviation S.R.L.;; S.R.L.s award limited liability to their members up to their contribution in

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1760-544: The Ministry of Corporate Affairs. As of 2015, there are seven types of companies which can be registered under Iran's company registration law. One of these seven types of companies and partnerships refers to LLPs. Like many other countries, two persons are required to form an LLP in Iran. Each person has his/her own shares and is responsible for business liability equivalent to his/her share percentage. LLPs in Iran are named according to

1815-640: The abbreviation d.o.o. to their company name. A shareholder or member in a d.o.o. is only personally liable up to the value of the member's investment in the company. The corporate structure in Brazilian law most similar to the American LLC is the Sociedade Limitada ("Ltda."), under the new Brazilian Civil Code of 2002. The sociedade limitada is the new name of the sociedade por quotas de responsabilidade limitada , and it can be organized as empresária or simples , under this new code, roughly corresponding to

1870-728: The brand continue to drop in Ireland. The most recent store to open in the UK is in Marlborough, Wiltshire . In December 2011, Jack Wills opened in Hong Kong with the launch of two stores, in Leighton Centre at Causeway Bay and in Harbour City mall at Kowloon. In November 2014, Jack Wills launched its first store in Singapore at Raffles City Shopping Centre with an opening party. By 2023,

1925-659: The business for a sum in the region of £12.8 million, significantly less than its 2011 value. Since the first store opened in Salcombe, Jack Wills stores have opened across the United Kingdom and internationally. At its peak, there were - as of September 2016 - approximately 70 stores in the UK, including eight in London, four in Scotland ( Edinburgh , St Andrews , Aberdeen and Glasgow ), two in Wales ( Abersoch and Cardiff ), two in

1980-503: The commission's eServices online filing facility, earlier, this requirement was only applicable to the companies, which had been incorporated through eServices online filing facility. There is no direct equivalent of an LLC in Peru, but some similar corporate forms include: The capital for any of the above entities is freely determined by its statutes. There is no minimum requirement except for entities with certain types of activities, mainly in

2035-726: The company (i.e., contribution of capital) and also act as pass-through or flow-through entities whereby profits are "passed-through" to its members, avoiding double taxation. This type of company is widely used by foreign investors in Mexico because of its "pass-through" modality and its "check the box" capability under the IRC (Internal Revenue Code of the U.S.). Moldovan legislation contemplates LLCs as Societate cu Răspundere Limitată , abbreviated "S.R.L.", and are regulated member(s)-founder(s), and other non-founder members, minimum one member-founder and maximum total of 50 members, at least one of them must be

2090-403: The company (i.e., contribution of capital). This type of company began after the law number 479 of the year 2008. The Estonian version of private limited company (limited liability company) is called osaühing (OÜ). The type of entity is also required to be identified in the name. An OÜ is taxed as a corporation. The minimum capital required by law is €2,500. Although not an exact equivalent,

2145-436: The company. The equity is divided into equal stakes (can not be called "shares"), each one of which represents a percentage of the company and that can not be traded on the stock exchange. Their by-laws are regulated by law N° 19550 and the commercial partnership is limited to a maximum of 50 partners. In Bolivia, the LLC variant is called Sociedad de Responsabilidad Limitada (S.R.L.). These companies' legal framework consist in

2200-504: The contribution of the capital so the registered capital of the company is divided between the partners based on the proportional ratio of their contribution. In Albania a limited liability company may not have a capital of less than 100 lek . Although not an exact equivalent, the Argentine variant of the LLC is called Sociedad de Responsabilidad Limitada (S.R.L.) and it limits the liability of its members up to their capital contribution in

2255-574: The decision to terminate the Aubin & Wills brand to concentrate on the global growth of the principal brand, with all trading ceasing by January 2013. On 20 May 2010, the Aubin Gallery was launched, situated on the top floor of the Shoreditch store curated by British artist Stuart Semple . The gallery's primary focus has been to provide a platform for a new international artists and curators. Since 2010

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2310-490: The financial markets, and then irrespective of their type. In Poland, a limited liability company is referred to literally as "company with limited liability" ( spółka z ograniczoną odpowiedzialnością ), legally abbreviated as sp. z o.o. (or sometimes Sp. z o.o. in particular names). Informally, in the Polish speaking slang, it is abbreviated as spółka zoo (pronounced with a long "o", as in "tow."). However, sp. z o.o. has

2365-559: The form types of comercial ("commercial") and civil ("non commercial") of the Commercial Code. A new law in Brazil has made it legal to obtain an LLC by a sole-proprietor in two forms: Empresa Individual de Responsabilidade Limitada ( Eireli for short), or Sociedade Unipessoal Limitada ("Ltda."). The main requirement for an Eireli is a capital of 100 times the current minimum wage , R$ 78.800,00 (US$ 26.267.00) as of 2015; whereas for

2420-534: The format illustrated by the following example: "Sherkat Ba Masooliyate Mahdood" translates as "Sherkat شرکت Company" + "Mahdood محدود Limited" + "Masooliyat مسئولیت Liability". The Italian Civil Code , approved in 1942 and as amended by the Government Act 6/2003 and furthers modifications, mainly provides three forms of limited liability company: Companies append the corresponding abbreviation to their company names. Japan passed legislation in 1996 creating

2475-400: The founder of the company, but all of the 50 could be also founders. Macedonian legislation contemplates LLCs as Друштво со ограничена одговорност ( Drushtvo so ogranichena odgovornost ). Companies working under this structure append the abbreviation д.о.о. ( d.o.o. ) to their name. The minimum required starting capital for a d.o.o. is €5,000. In Norway, the closest to an LLC is probably

2530-515: The label is popular in both Secondary schools and colleges . The brand does not use a conventional advertising model, instead relying on word of mouth viral marketing . This is often stimulated by the events they hold such as the Jack Wills Varsity Polo, JW Unsigned and JW Seasonnaires. In April 2011, the ASA upheld complaints about the Jack Wills 2011 Spring Term handbook. The handbook contained some controversial images of young adults in

2585-508: The new electronic formation option has been reduced from 2 weeks to 2 hours, additional cost of formation is around 100,000 HUF (approx. US$ 340). Kft.s can be formed by the cooperation of lawyers. The Hungarian kft. is the most common form of doing business in Hungary. As being part of the European Union (EU), Hungarian kft.s can now obtain an EU VAT registration number for doing business across

2640-497: The program has showcased the works of Tom Ormond, Piers Secunda, The Girls, Alana Lake, Alex Bunn , Sarah Maple , Adham Faramawy , James Howard , NERO and Yasam Sasmazer, among others. The 7,500 sq ft (700 m ) concept space also includes The Aubin Cinema which is run in collaboration with the members' club Shoreditch House . Private limited company (OPC) (SMC-Pvt.) Limited (may vary by state) In Albania,

2695-554: The same person), ii) a Hong Kong company requires a company secretary resident in HK, iii) foreign ownership is allowed, iv) company shareholders have limited liability and v) the company must have registered HK address. Entrepreneurs who register a company in Hong Kong can choose a Hong Kong offshore company . This company structure is basically a HK Limited Company but all business is conducted outside of Hong Kong. The advantage of this structure

2750-401: The same term [REDACTED] This disambiguation page lists articles associated with the title JW . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=JW&oldid=1253195083 " Category : Disambiguation pages Hidden categories: Short description

2805-473: The shop. The brand was named after one of the co-founders' grandparents. In an interview with the Financial Times , Williams said: "When I started thinking about a premium brand I dredged up this vision of what I remembered in Salcombe. I thought, 'What if I could create a brand that could bottle what being at a British university was all about and all the cool amazing stuff that goes with that?' It's such

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2860-570: The signature logo of a pheasant with a top hat and walking stick. The company formerly published "Handbooks", which were released four times a year for each new season. The handbook was a signature print catalogue for the brand, showcasing the campaign shoots alongside editorial work and products available for the new season. Jack Wills clothing ranges from traditional British formal wear and tailoring, such as shirts, tweed jackets and blazers, to more contemporary casual clothing: hooded tops, sweatpants, t-shirts and polo shirts. The brand's ranges are given

2915-614: The website listed 31 Jack Wills stores across the United Kingdom (including 1 in Scotland, 1 in Wales and 2 in Northern Ireland). 11 of these were branded as Jack Wills Outlet stores. On 11th November 2024, the original and flagship shop failed to open following a closing down sale, and the shop has been stripped. So it seems that this is the end of the 'Salcombe' and '22 Fore Street' branding for Jack Wills. Jack Wills' products are branded with

2970-629: Was announced that fashion designer Richard Nicoll was to become the new creative director of Jack Wills, to come into effect Spring 2015. As of 2015, Williams was reinstated as working CEO on the board after the departure of Becker. Richard Nicoll also parted ways with the company amicably in autumn 2015. In October 2016, Williams and private equity firm BlueGem became the joint owners, after long-standing investor Inflexion left after nine years. Jack Wills collapsed into administration with debts of £100 million in August 2019. Sports Direct acquired

3025-447: Was heavily marketed towards university students, using the slogan and trademark "University Outfitters" to reflect the inspiration behind the brand. In 2007 the brand was partly owned by Jack Wills Ltd, a private limited company registered in the UK, while a 27% stake was held by the private equity firm Inflexion after an investment deal. In 2011, the company was valued at £140 million, of which co-founders Williams and Shaw held

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