possession of legal personality separate from shareholders) and limited liability (meaning that the shareholders are only liable for the company’s debts to the value of the money they invested in the company). And as a consequence joint-stock companies are commonly known as corporations or limited companies . Some jurisdictions still provide the possibility of registering joint- stock companies without limited liability. In the United Kingdom and other countries which have adopted their
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over 78‚000 people in UK‚ and have over 700 UK stores. JKNE (Jonny Kennedy North East) is a charity based in the North East of England‚ created to follow Jonny’s wishes by helping other sufferers of Epidermoysis Bullosa. M&S is a PLC (Public Limited Company) where anyone can buy a share and the company doesn’t have a say in who gets the shares. Whereas JKNE is Charity where people volunteer and don’t get paid for their work. M&S strive to make a profit and JKNE want money but they don’t need
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all the profits. Disadvantages: difficult to raise large sums of finance‚ unlimited liability‚ difficult to transfer ownership‚ taxed at personal income rate. Partnership – business organization owned and operated by two or more individuals or entities. Can be General (all partners share in outcomes and have unlimited liability) or Limited (limited partners do not actively participate and liability is limited to their contribution). Advantages: Same as sole proprietorship Disadvantages: Same
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also give John unlimited responsibility for Mike’s outstanding unpaid liabilities. In other words‚ unless John sells his shares of Mike’s Auto Repair Shop‚ he is liable in whole and in part for principal and interest obligations on bonds or other outstanding loans. Since John holds shares of a joint stock company‚ he is putting his own assets at risk of being liquidated if Mike were to file for bankruptcy. In a limited liability‚ if a company goes bankrupt‚ its creditors cannot seek the personal
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organisation. For these two organisations I am going to describe the type of business activity‚ describe the business purpose of each organisation‚ describe the main differences in type of ownership between the two organisations‚ describe the owners’ liability for debts‚ access and research the rationale of the strategic aims and objectives of your contrasting organisations and clearly set out what different types of organisations are seeking to achieve (aims and objectives). Tesco Tesco is a supermarket
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Q1. What are the built-in tensions with a public private equity firm? How does Blackstone ’s structure attempt to reconcile them? 1. Transparency (disclosures of financial statements) The reason why investors are willing to let the required rate of return decrease is the lower concerns about asymmetric information due to the disclosures of financial statements. In the past‚ in order not to be subjected to Investment Company Act of 1940‚ Blackstone once analyzed its operations and concluded that
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Sole Proprietorship‚ Partnership‚ or A Corporation: Choosing The Best Option Christie Bekaert AIU Online Abstract A business has many advantages and disadvantages. To choose the right one‚ all of these aspects must be explored beforehand. These aspects must be explored for the business to be successful also. Taking your time to do this will ensure that you are not only making the best decision possible‚ but that you are making an informed one. Compare and contrast all the aspects of each type
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Memorandum of associatation of Golden Flowers Service Center A Limited Liability Company This Memorandum is entered onto the 20-09-2009‚ and agreed between: 1- Mr. Khalid Abdul Rahman‚ A UAE national holder of UAEU ID No: 200816874 ( Hereinafter referred to as “ First party”) 2- Mr.Musthfa boobcker ‚ a India National holder if UAEU ID no: 200734872 (Hereafter to as “ second party”) 3- Mr.Mahrouf Abdul Kareem‚ A Nigeria National holder of UAEU ID no: 200734872 Whereas: A group shall be
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13 most important features of a company as per company act 1956 (India) Salient Features of Companies Act‚ 1956 | A company means an association of people to carry on an economic or non-economic activity. A partnership is different from a company as a company is a person in the eyes of law which can sue or be sued; can enter into contracts in its own name etc. It has a distinct personality of its own different from its members. The Companies Act‚ 1956 is the law that governs companies in India
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personality Contents 1 2 3 The features of a limited company Types of company Advantages and disadvantages of incorporation: the veil of incorporation © EWP Go to www.emilewoolfpublishing.com for Q/As‚ Notes & Study Guides 199 Paper F4: Corporate and business law (English) The features of a limited company Comparison of companies with other forms of business The meaning of separate legal personality (‘doctrine of separate personality’) Limited liability Separation of ownership from control
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