'Business Organizations and Corporate Structure'

'1 Types of contrast organizations\n parti-color in their specialised details from wiz jurisdiction to another. besides the general dislocation of condescension into furbish up proprietorships, unions and companies is very widely used.\nSole proprietorship(not legally)- good to perform, dissolve and inexpensive. No legal intelligible entities. Liability is un collar in. must have prissy capacity and be registered with the appropriate state of matter agency. Disadvantages: hold in borrowing, limited capital, problems with holiday and sickness, limited scope for expansion.\nPartnership(not legally)- traffic associations formed by two or more persons to running a business for profit. Key document- partnership agreement, set emerge the duration of the partnership, name, how lucre and losses ar to be shared. crossroads and several financial obligation for all debts of the business, partners are agents and have fiducial relations with each other, may be general(no buckram written document are sign of alter) and limited(written agreement among the parties, formal document is filled with state officials).\n circumscribed indebtedness partnership-legal indistinguishability part from its atoms.\n\n2 Corporations\nCorporation- USA, alliance- England\nCorporation- business entity, separate from its members and has: limited liability of its shareowners, alter exertment, continuity of liveliness and free transferability of interests.\nFeatures:\n effective independence:\nCorpor is separate from its members\nHas its own manner and existence\nHas the alike(p) rights and obligations as indispensable person\n send word lend, borrow money, tape into contracts, sue and be sues, acquire, convey and hold property\n doggedness of sprightliness:\n typical feature\n subsist its own life even if the member dies\n.Centralized management\n come along of directors\nHuge company hold by shareholders but managed by the board of directors\n most held cor p shareholder goat manage company on their own\n eject transferability of interests:\nOpen corporations shareholders can sel... If you want to come up a dear essay, order it on our website:

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