Law features
The essential elements of corporate law
Sources of corporate law
Special and partial corporate forms
Investor ownership
the right to receive the firm’s net
earnings.
The right to control the firm
Delegated management with a board structure
The board
Has multiple members
Elected by shareholders
One or two tiers
Transferable shares
Maximizes
Ability of shareholders
Liquidity of shareholdings
Connected with
Liquidation protection
Limited liability
To creditors
In contract
Owner shielding
Legal personality
Liquidation protetion
Separate patrimony
Types of business entities
Small business corporation
Special closed corporations
Avoiding the "double taxation"
Legal entity
Double taxation
On stockholder dividends
On profits
Limited partnership
Limited the personal liability
According to the amount invested
Limited liability company
Members can't liable for
debts
Combine characteristics
Partnership
Corporation
Sole propiertorship
It's not a legal entity
Business run by one person
General partnerships
Each partner assumes
Losses
Profits
Agreement between 2 or more persons
Types of registered companies
Right to manage companies
Applies leaseholders of flats
To empower leaseholders
Cheritable incorporated organizations
For register
As a charity
Limited by guarantee
Community interest companies
The asset lock provissions
Used it solely for
Transferred to another organizations
Community benefit
Limited liability partnerships
Requires
Annual reporting
A partnership agreement
Unlimited companies
Members
Directors
Shareholders
The risk of insolvence is low
It's registered at companies house
Companies limited by guarantee
Protects the assets of
Membership organizations
Non-profit organizations
Doesn't distribute assets
Property management companies
Divides a property into units
Involves the managing of property
Public limited companies
Allows to sell shares to investors
PLC at the end of its name
Private compaies
Number of shareholder is unlimited
Ltd at the end of its name
