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Within the United Kingdom , The Crown (which, for sensible functions, meant the civil service ) didn’t insure property reminiscent of government buildings. If a authorities building was broken, the price of repair could be met from public funds as a result of, in the long term, this was cheaper than paying insurance coverage premiums. Since many UK authorities buildings have been bought to property corporations and rented back, this association is now less widespread and should have disappeared altogether.
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In authorized parlance, the owners of a company are usually referred to as the “members”. In a company limited or unlimited by shares (shaped or incorporated with a share capital), this will be the shareholders In an organization limited by guarantee, this would be the guarantors. Some offshore jurisdictions have created particular forms of offshore company in a bid to draw enterprise for their jurisdictions. Examples embrace ” segregated portfolio companies ” and restricted purpose firms.