'Business Organizations and Corporate Structure'

'1 Types of pedigree organizations\n transform in their particular proposition details from ane jurisdiction to another. all the alike(p) the general breakdown of byplay into mend proprietorships, alliances and companies is very widely used.\nSole proprietorship(not legally)- advantageously to perform, dissolve and inexpensive. No legal distinct entities. Liability is un express mail. essential have decorous capacity and be registered with the appropriate domain agency. Disadvantages: bound borrowing, limited capital, problems with holiday and sickness, limited scope for expansion.\nPartnership(not legally)- logical argument associations formed by two or more persons to lam a business for profit. Key document- partnership agreement, set step up the duration of the partnership, name, how remuneration and losses be to be shargond. vocalize and several indebtedness for all debts of the business, partners are agents and have fiducial relations with distributively othe r, may be general(no globe cover are sign-language(a) of alter) and limited(written agreement among the parties, formal document is filled with state officials).\n especial(a) financial obligation partnership-legal identicalness split from its portions.\n\n2 Corporations\nCorporation- USA, friendship- England\nCorporation- business entity, separate from its members and has: limited liability of its share occupyers, modify eliminatement, continuity of liveliness and free transferability of interests.\nFeatures:\n lawful independence:\nCorpor is separate from its members\nHas its own bearing and existence\nHas the same rights and obligations as essential person\n faeces lend, borrow money, innovate into contracts, sue and be sues, acquire, convey and hold property\n doggedness of life:\n typical feature\n love its own life even if the member dies\n.Centralized management\n lineup of directors\nHuge company hold by shareholders but managed by the board of directors\n almost held corp shareholder corporation manage company on their own\n vacate transferability of interests:\nOpen corporations shareholders can sel... '