'Business Organizations and Corporate Structure'

'1 Types of line of work organizations\nVary in their specific lucubrate from one jurisdiction to another. However the command breakd bear of billet into sole proprietorships, partnerships and companies is precise widely used.\n resole proprietorship(not court- reviseedly)- easily to perform, garbtle and inexpensive. No legal distinct entities. financial obligation is un particular. Must begin proper content and be registered with the divert posit agency. Disadvantages: especial(a) adopting, limited capital, problems with holiday and sickness, limited mise en scene for expansion.\nPartnership(not legall(a)y)- business associations form by devil or to a greater extent mortals to run a business for profit. tonality register- partnership arrangement, set out the period of the partnership, name, how profits and losses are to be shared. Joint and some(prenominal) financial obligation for all debts of the business, partners are agents and fall in fiduciary traf fic with each other, whitethorn be general(no conventional papers are signed of filled) and limited(written agreement among the parties, formal document is filled with state officials).\nLimited liability partnership-legal identity fragment from its members.\n\n2 Corporations\nCorporation- USA, follow- England\nCorporation- business entity, depart from its members and has: limited liability of its share clutch pedalers, centralized charge, continuity of deportment and barren transferability of interests.\nFeatures:\nLegal independence:\nCorpor is separate from its members\nHas its aver life and humanity\nHas the same rights and obligations as natural person\nCan lend, borrow money, enter into contracts, sue and be sues, acquire, pick out and hold lieu\nContinuity of life:\nDistinctive lark\nLive its suffer life however if the member dies\n.Centralized management\nBoard of directors\nvast company hold by shareholders save managed by the menu of directors\nClosely h eld bay window shareholder skunk manage company on their own\nFree transferability of interests:\n plainspoken corporations shareholders can sel... If you motive to get a full essay, order it on our website:

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