The company can recover 100% of the judgment as an indemnity, because the plumber was negligent, not the company.
A group of people can get together to form a company, which is a legal body used to conduct and manage commercial or industrial business operations. The business lines of an organization rely on its structure, which can be a company, a partnership, or even a sole proprietorship.
A one-person business is one that has just one person as a member, according to Section 2(62) of the Companies Act. Additionally, shareholders or subscribers to a business's memorandum of organization are all that a firm has as members. In essence, an OPC is a corporation with just one stakeholder on the payroll.
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