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Legal Aspects of Business

C/B/468. Explain what does it mean when in law a limited company is regarded as a corporate association that has a legal identity in its own right, distinct from its owner. How does this differ with other legal forms of business organisations?

WORDS:
570
DATE:
2006
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9.99 GBP

Businesses have to be set up in the shape of one of the several legal forms for legislation, administrative and taxation purposes. These options are basically three: sole proprietorship, partnership and a limited company. The typology of charities and societies comes into the fold in a more general discussion of organisational legal statuses. In this assignment the focus is discussing the limited company and how it varies from the three other forms of businesses

 

KEYWORDS: Limited Company, legal status, ownership,

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Received thanx great paper J.C.