ï¿½FACULTY OF COMPUTING AND INFORMATION TECHNOLOGY
TABLE OF CONTENT
Question 1 and Answerâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦..2-10
Question 2 and Answerâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦.10-11
Question 3 and answerâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦..12-14
Question 4 and answerâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦...15-17
HOW DOES D & F FRESH MILK LTD DIFFER FROM OTHER NON-CORPORATEBUSINESS OWNERSHIP?
D and F fresh milk is a private limited company therefore it belongs to the incorporated business ownership and this corporation differ from the non-corporate company in a great deal. The non-corporate business ownership is of two (2) types, they are (i) sole-trader and (ii) partnership business. To understand the differences between D and F fresh milk limited and non-corporate business ownership we shall compare D and F fresh milk Ltd with the different types of non-corporate business ownership.
D AND F MILK LIMITED
NON-CORPORATE BUSINESS OWNERSHIP
D and F fresh milk limited is an incorporated business. The company has a separate legal entity, which means that the company can enter into contracts, make any legal claims and face any legal claims that are made against it in the name of the business and not in the name of the owners of the business.
The non-corporate business does not have a separate legal identity. This means that the owner and the business are one and the same in the eyes of the law. And if there arise any problem in the business it is the owner of the business that is sued or fined for the wrong doing.
This company has Limited liability. Because D and F fresh milk limited is a separate legal entity, the owners of the business can only be liable or responsible for the amount of money they invested. In the process of any liquidation the owners of the company shall not be held responsible or there asset used to cover the debts of the business.