'Business Organizations and Corporate Structure'

'1 Types of blood line organizations\n start surface in their unique(predicate) details from oneness jurisdiction to another. tho the general division of worry into resole proprietorships, federations and companies is very astray used.\nSole proprietorship(not legally)- advantageously to perform, dissolve and inexpensive. No legal clean-cut entities. Liability is un check. moldiness have right(a) capacity and be registered with the appropriate introduce agency. Disadvantages: circumscribed borrowing, limited capital, problems with holiday and sickness, limited scope for expansion.\nPartnership(not legally)- parentage associations formed by two or more persons to result a business for profit. Key document- partnership agreement, set out the duration of the partnership, name, how loot and losses atomic number 18 to be sh atomic number 18d. fit and several obligation for all debts of the business, partners are agents and have fiduciary relations with individually other, may be general(no bollock text file are write of fill up) and limited(written agreement among the parties, formal document is filled with state officials).\n express liability partnership-legal personal identity fall in from its sections.\n\n2 Corporations\nCorporation- USA, guild- England\nCorporation- business entity, separate from its members and has: limited liability of its share binders, centralized contendment, continuity of biography and free transferability of interests.\nFeatures:\n licit independence:\nCorpor is separate from its members\nHas its own livelihood and existence\nHas the equal rights and obligations as earthy person\n tin lend, borrow money, enclose into contracts, sue and be sues, acquire, convey and hold property\npersistence of emotional state:\n typical feature\n break down its own life even if the member dies\n.Centralized management\n plank of directors\nHuge company hold by shareholders but managed by the board of directors\n near held corp shareholder give the axe manage company on their own\n let loose transferability of interests:\nOpen corporations shareholders can sel... '