Characteristics of Job Design
JOAQUIM PIRES BUSINESS ORGANISATION AND PROCESSES ASSESSMENT 1 2006
Question 1.
Section (A)
In a Limited liability company, there must be at least two shareholders with no maximum upper limit who own the company. All limited companies must be registered with the Registrar of Companies to whom the companies must send their annual financial statements. A limited company is separated in law from its owners. Because it has its own legal entity, any disputes concerning the company, will be solely with the company and not the shareholders. The company is run by a board of directors, who in turn are chosen by the shareholders, who could be many but do not have any interest in running the company. Sometimes, because it is a small company with only a few shareholders they are the board as well. There are 2 types of limited companies, which are private limited or public limited.
There are 2 types of limited companies and they are private limited or public limited.
One distinct difference between private limited and public limited companies is that you may not sell private company shares to the public from a private limited company, as you may do with a public limited company.
For a business to register as a public company, it needs to setup a legal framework which includes (a) A Memorandum of Association and (b) The Articles of Association. The company is granted a Certificate of Incorporation which allows it to start trading as a limited company, when these documents are submitted.
The documents must include the following.
Memorandum of Association:
The name of the company, which should also state (Ltd) if a private company and "public limited company" (plc) in the case of it being a public limited company.
The location of its registered office.
The capital of the company. This indicates the limit amount of capital that the company is allowed to raise.
The Articles of Association:
The document depicts the rules of the internal
Question 1.
Section (A)
In a Limited liability company, there must be at least two shareholders with no maximum upper limit who own the company. All limited companies must be registered with the Registrar of Companies to whom the companies must send their annual financial statements. A limited company is separated in law from its owners. Because it has its own legal entity, any disputes concerning the company, will be solely with the company and not the shareholders. The company is run by a board of directors, who in turn are chosen by the shareholders, who could be many but do not have any interest in running the company. Sometimes, because it is a small company with only a few shareholders they are the board as well. There are 2 types of limited companies, which are private limited or public limited.
There are 2 types of limited companies and they are private limited or public limited.
One distinct difference between private limited and public limited companies is that you may not sell private company shares to the public from a private limited company, as you may do with a public limited company.
For a business to register as a public company, it needs to setup a legal framework which includes (a) A Memorandum of Association and (b) The Articles of Association. The company is granted a Certificate of Incorporation which allows it to start trading as a limited company, when these documents are submitted.
The documents must include the following.
Memorandum of Association:
The name of the company, which should also state (Ltd) if a private company and "public limited company" (plc) in the case of it being a public limited company.
The location of its registered office.
The capital of the company. This indicates the limit amount of capital that the company is allowed to raise.
The Articles of Association:
The document depicts the rules of the internal
Bibliography: Management – Functions and Strategy Second Edition – Thomas S. Bateman and Carl P. Zeithaml Management and Organisational behaviour – Laurie J. Mullins Business Organisation and Processes Study Guide – Gautam Rajkhowa