Businesses aim to be as productive as possible and aim to maximize their productivity. Choosing the correct business organization will help business owners and managers to maximize the benefits, which each business legal status gives.
It is also important for business owners and managers to understand which one best meets their requirements under Business Law. Getting the right legally recognized business structure could give tax benefits, administration savings or save many thousands in legal costs if anything goes wrong.
BUSINESS LAW – Business Entities Business Corporations Cleverness In This Article Introduction To Business Corporations Publicly Held Corporations Closed corporations The two main types of a corporation Corporation – Advantages Corporation – Disadvantages Introduction To Business Corporations A corporation is a legal entity in its own right and is separate from the individuals working within […]
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Limited Liability Company (LLC) This is similar to a limited partnership, and gives owners limited liability but has some of the capital income advantages of a partnership. There are no restrictions on the number of members and investors can share in the management of the business. The letters LLC must be included in the business […]
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BUSINESS LAW Limited and Unlimited Liability Cleverness In This Article What Does ‘Liability’ Mean? Unlimited Liability Limited Liability What Does ‘Liability’ Mean? Liability means that someone is legally responsible for the debts or actions of the business. Unlimited Liability This usually refers to Sole Proprietors and Partnerships where the business owners are fully responsible (liable) […]
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BUSINESS LAW – Business Entities Business Partnerships Cleverness In This Article What Is A Business Partnership? General Partnerships Limited Partnerships Advantages of Partnerships Disadvantages Of Partnerships What Is A Business Partnership? A partnership is made up of two or more individuals who are in business together. Partnerships may be a small family operation, or a […]
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BUSINESS LAW – Business Entities Sole Proprietor Cleverness In This Article What Is A Sole Proprietor? Sole Proprietor – Advantages Sole Proprietor – Disadvantages What Is A Sole Proprietor? Sole Proprietor (Sole Trader) is the most common form of business structure. It is generally one person doing business for themselves on their own property. Business owners […]
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BUSINESS LAW – Business Entities Choosing A Business Entity Cleverness In This Article Why Are Business Entities Important? The 4 main types of business organization Choosing a Business Entity Why Are Business Entities Important? It is important for business owners to understand the main differences between business organizations and which business organization is best for […]
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BUSINESS LAW – Business Entities What Are Business Entities? Cleverness In This Article What Are Business Entities? Why is studying business entities important? What Are The Legal Forms of a Business? Legal Personality Veil of Incorporation. What Are Business Entities? Business entities are the different legally recognized forms of business organization. It refers to the […]
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