Types of business entity

A company is recognized as a separate legal entity and yet in reality, it is an association of persons who are in fact beneficiaries of the corporate property. It is therefore understood that corporate personality of the company can be used as a medium of committing fraud or illegal acts. Now, there is arises a paradoxical problem pertaining to the important legal question : Who accords for the liability? Who can be held responsible? The notion of corporate personality does not obviously…

The Facts of the case was that the agent was prohibited to buy goods for the business since all goods had to be supplied to the principle. The agent ordered certain goods from a third party which the principle refused to pay because the agent had no authority . The judgement that was passed down held that The principal had to pay…

Chaymae Essaid 61418 February 2, 2016 Public Limited Corporation (La société anonyme) The public company is a business company by its form with any possible purpose. It is made for the large companies and the associates, called shareholders, which are responsible for the social debts only concerning the amount of their contributions. The legal characteristics of the company is very marked, its operation is narrowly regulated by law 17/95 of the 8/30/96 published in the B.O. n° 4422 of the…

Alternatives One option in pursuing their long term partnership is to form a non-equity alliance. This is a horizontal alliance that is strategic, limited in scope and basically an agreement for both companies to share their resources while remaining independent organizations. Leica and Huawei are complementary to each other’s products but operate in the same industry. Therefore, it would be beneficial and easier if they were to operate as separate organizations rather than going through the…

Question 1 A strategic alliance can be defined when two or more companies wish to engage in a mutual business agreement whereby they still retain their own identity as a company but work towards a common purpose. These two companies engage in similar business practices but do not necessarily have to be based in the same location. The companies involved in the strategic alliance can offer each other their market knowledge, skills, assets such as intellectual property, funding and capital,…

rounded to tenth of percent. Free Cash Flow Valuation Model Free cash flow valuation model as another method to estimate the firm’s value. This model will proceed when the firm does not have any dividend history like they just want to start the business or valued the larger public company as they have an operating unit or division. This valuation model is same basic with model of dividend valuation as all future cash flow represents the value of common stock. The amount of cash flow is…

needed & which state agencies do you need to register with? 1. File Articles of Organization with the South Carolina Secretary of State’s Office.2 2. Register with the South Carolina Department of Revenue (SCDOR) for a use tax license.3 3. No state business licenses are required for South Carolina.4 C. What federal licenses & permits are needed & which federal agencies do you need to register with? 1. No federal license, permit, or registration is required for this…

For the Love of COFFEE! Business is all around us. When we go to the store we make transactions, when a business is going strong they are making profit, when a business it just being created it’s called a start-up. Business is not only a part of a lifestyle to other’s it is their life. It gives entrepreneurs a way to express themselves through their ideas. A way to see what they’ve created through their hard work to see what they’re worth. An entrepreneur is a person who takes the risk of…

Classified boards may be effected through provisions in a corporation’s certificate of incorporation or in a corporation’s bylaws. Effecting a classified board in the certificate of incorporation maximizes protection to the board because it is more difficult to remove the classified board provision and declassify the board effected in a charter than in a corporation’s bylaws . If a corporation’s certificate of incorporation contains a provision classifying the board of directors,…

To what extent should shadow directors be liable? 1.0 Separate Legal Personality and the Board 1.1 Upon incorporation, a company is recognised as a legal person with its own rights and obligations. Although, being a legal entity, it cannot operate without its organ namely, the Board of directors. The principle of limited liability flows from the concept of separate legal personality in that the assets and liabilities of the company belong to the company and not to its shareholders and…