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  • Suba Communications and BeanNet: Customer Complaints
    A community for customer complaints regarding Suba Communications, BeanNet and affiliated companies. This community is not run by or affiliated with either company. It is a place set up by an annoyed customer of Suba, as a place where dissatisfied customers of Suba or BeanNet may publicly air their grievances. Instructions on how to join this closed community (yes, that's possible) can be found on the community's homepage.

  •   A Look At Companies     

    A company is a form of business organization engaging in proprietorship, partnership or corporation; association or union that carries on a specific enterprise.  As early as 1150 AD the term ‘companies’ referred to ‘body of soldiers’. The use of the word company was used in a sense of ‘business association’, earlier having been used to reference trade associations.

    Once a company has been registered or formed under a country’s charter or Act such as the Companies Act 2006, they have limited liability; the owners of the company or shareholders have no financial liability in the event of winding up the affairs of the company but they might lose money already invested in it.

    Two of the earliest companies were The London Company and the Plymouth Company. These companies were established in 1606 and 1607 respectively. The London Company helped establish the Jamestown Settlement, the first permanent English settlement in the United States in 1607.

    There are several types of companies today. A company limited by guarantee is formed for non-commercial purposes such as a club or charity. The members of club or charity guarantee the payment of a nominal fee if the company goes into liquidation. A company limited by shares is the most common form of company used for business ventures. A ‘limited’ company is whereby each shareholder is limited to the amount invested. A company limited by guarantee with a share capital is used where the company is formed for non-commercial purposes but the activities the company perform are partly funded by investors who expect a return. A limited-liability company is one that is managed by it’s members or managers and there are limitations on ownership transfers. An unlimited liability company is where the liability of the members for the debts of the company are unlimited. This type of company is very rare today.

    There are a few less common companies today. A company formed by letters patent are ‘sole corporations’. A charter corporation is very rare today as it was generally a very old company. The Bank of England is a corporation by a modern charter. A Statutory Company is very rare today – which would be a private statute passed in jurisdiction.

    A company with Ltd after it signifies limited and PLC or public limited company indicates that its shares are widely held.

    In legal terms the owners of a company are normally referred to as its ‘members’. In a company with shares – this would be the ‘shareholders’ and in a company limited by guarantee this would be the guarantors. Some offshore companies have been formed in order to attract business for their jurisdictions. An example would be ‘segregated portfolio companies’ and restricted purpose companies.

    Companies are distinguished between ‘public companies’ and ‘private companies’. Public companies is where their shares are traded publicly and often on a regulated stock exchange. Private companies do not have publicly traded shares and often contain restrictions on transfer of shares. In some private companies, they have a maximum number of shareholders.