Essays Tagged: "Limited liability"

Explore several different aspects of launching a start-up business.

s. There are many legal structures:Sole Proprietorship - owned and operated by one person and has unlimited liability.General Partnership - owned by two or more people and has unlimited liability.Limi ... liability.Limited Partnership - owned by two or more people where one or more of the partners have limited liability, however at least one partner has unlimited liability.C Corporation - an artificia ...

(4 pages) 263 2 3.4 Nov/2003

Subjects: Businesss Research Papers > Management

Analysis of difference between revenue and capital expenditure by using example of WorldCom Inc. bankruptcy case.

e distinction between money spent on assets and revenue expenses should be made in the company with limited liability. I would also like to use the above accounting concepts to show, by using recent e ...

(6 pages) 217 0 4.7 Mar/2004

Subjects: Businesss Research Papers > Accounting

*Describe in detail the relationship between industrial expansion and the development of "New Capitalism."

mands.A "new capitalism" has emerged in the U.S. since 1980. This economy has several key features. Limited liability, vertical and horizontal organizations, big business and government, rigid interna ...

(1 pages) 15 0 5.0 Dec/2004

Subjects: History Term Papers

Business Associations

Corporate bargain--limited liabilityI.CHARACTERISTICS OF A CORPORATIONA.PRINCIPAL CHARACTERISTICS OF A CORPORATIONa)Ent ... ORATIONa)Entity Status--a corporation is a legal entity created under the authority of legislatureb)Limited Liability--as a legal entity, a corp is responsible for its own debts; its sh's liability is ... only on dividends;g)Remember Attributes of the Corporation--CLIFF:1)Centralization of management;2)Limited liability;3)Forever (perpetual duration);4)Freely alienable (shares can be sold).B.CORPORATI ...

(42 pages) 330 0 5.0 Mar/2005

Subjects: Businesss Research Papers

Company Law Section 14 of the Companies Act 1985

oint Stock Companies Act 1844, which enabled companies to be formed by "deed of settlement" and the Limited Liability Act 1855, established a general incorporation procedure which offered limited liab ... sing comparable.In Pender v Lushington the articles of the company stated that each shareholder was limited to a maximum number of votes. In trying to defeat the provision, Pender had split his shareh ...

(10 pages) 98 0 5.0 Jun/2005

Subjects: Law & Government Essays > Law

Company Legal Entity.

The notion of separate legal entity and limited liability first created by the case Salomon v. Salomon & Co Ltd [1897] AC 22 had generat ... a logically necessaryattribute of separate legal personality in modern law",[29] theliability of a limited company is limited: Salomon's case. A companyis exclusively liable for obligations incurred ... . A companyis exclusively liable for obligations incurred on its behalf.Commercial enterprises with limited liability characterise almost alldeveloped legal systems.[30][S]ome form of limited liabilit ...

(27 pages) 290 0 5.0 Sep/2005

Subjects: Law & Government Essays

Compare and contrast small businesses with large corporations and the aspects of both

oth are separate, legal entities that are created by some kind of state filing, both offer the same limited liability protection and the owners are typically not personally responsible for the debts a ... a fourth comparison between the two would be that the ownership can be divided into several classes.Limited liability, offered by both, is liability that is limited to a partner or investor's investme ...

(2 pages) 53 0 5.0 Feb/2006

Subjects: Businesss Research Papers

Advantages and Disadvantages of being a sole trader

he business. Sole traders have a variety of advantages and disadvantages.Firstly, sole traders have limited liability which means that their personal possessions and property can be taken to pay off t ... eem very appealing, it also comes with a number of drawbacks and disadvantages. Sole traders have unlimited liability meaning that all of the owner's assets are potentially at risk. This makes it diff ...

(2 pages) 27 0 4.0 Jun/2006

Subjects: Businesss Research Papers > Management

Article: Advantages and Disadvantages of being in a Partnership

business can be shared if each partner takes an active role (unless the partner is 'silent' or is a limited partnership where they contribute capital but does not actively help in the running of the b ... ut does not actively help in the running of the business). People also have the option of forming a limited partnership where one partner has unlimited liability, which means she/he is liable for the ...

(3 pages) 77 0 0.0 Jun/2006

Subjects: Businesss Research Papers > Management

Raising of the Corporate Veil - ENRON

arate legal entity. Then, to encourage a spirit of entrepreneurship and risk-taking, the concept of limited liability was introduced. This assured the business owner that he/she would be liable to a l ... e "family". Also, the management needs of such complicated businesses could not be satisfied by the limited expertise available in the family.External investors were needed to fund the growing busines ...

(30 pages) 417 0 5.0 Oct/2006

Subjects: Businesss Research Papers > Case Studies

Comparison between Bonds And Stock Equity

verage.Advantages of a corporation* Simple to become an owner* Easy to transfer ownership* Provides limited liabilityDisadvantages of bonds:* Risk of bankruptcy; the debt must be paid back regularly, ...

(1 pages) 64 0 1.0 Nov/2006

Subjects: Businesss Research Papers > Markets & Exchanges

Corporate Power Then and Now

ment and decisions made.A key factor for the growth of the corporation into what it is today is the limited liability placed on them by the government. Investors from the beginning were encouraged to ... aspect of the production and transportation of the steel. As companies consolidated competition was limited and money flowed to a top tier of investors and owners while wages were lowered, creating qu ...

(5 pages) 46 0 0.0 Dec/2006

Subjects: Businesss Research Papers

Business Types

ypes that will be mentioned in this paper are a corporation, s-corporation, sole proprietorship and limited partnership.Riordan Manufacturing, Smith Systems Consulting and Huffman Trucking are categor ... tely held corporation the owners and managers may be the same individual. This type of business has limited liability, specialized management, double taxation and it is very expensive to organize.Kudl ...

(2 pages) 543 0 1.0 Dec/2006

Subjects: Businesss Research Papers

Creating a Bankruptcy Plan Simulation: Cardew Printing

and implement the appropriate bankruptcy plans. The simulation begins with Cardew Printing, a small limited liability printing business, which has been running at a loss for several years. Cardew Prin ...

(3 pages) 72 0 3.0 Jun/2007

Subjects: Businesss Research Papers > Case Studies

Disadvantages of Forming a Corporation

s and partnerships do not have. Some of these advantages include being a separate legal entity with limited liability, ease of generating capital and transferring ownership, lack of mutual agency and ...

(2 pages) 40 0 3.0 Feb/2008

Subjects: Businesss Research Papers > Accounting

Characteristics of a Corporation

characteristics that makes a corporation. The unique characteristics of corporations are consist of limited liability of stockholders, free transferability of shares, perpetual existence, and centrali ... Also a “corporations are liable for their own contracts and debts in which share holders have limited liability.” (Cheeseman, 2004, p. 675) According to Henry Cheeseman “because corpor ...

(4 pages) 66 0 0.0 Feb/2008

Subjects: Businesss Research Papers

Business at Work

three main categories in which a business ownership can fall in to.*Sole Trader*Partnership*Private Limited Company (Ltd)*Public Limited Company (Plc)These are different types of business ownerships.S ... someone as to why you have spent so much.The disadvantage of being a sole trader is that there is unlimited liability for the owner, and is it is difficult for a business to find sources of finance fo ...

(22 pages) 71 0 5.0 Feb/2008

Subjects: Businesss Research Papers

Impact of capitalism in society

me entire countries. One of the largest costs associated with corporations come from the notion of 'limited liability'. The notion of 'limited liability' was established by the middle of nineteenth ce ... s to the amounts they invested in a company (Bakan p.320). Under the new identity and the notion of limited liability, the owners and managements are not held responsible for their corporation's failu ...

(8 pages) 64 0 5.0 Oct/2008

Subjects: Social Science Essays > Economics

1)the doctrine of incorporation and its exceptions 2)the division of powers between the Board of directors and the General Meeting

eferred to as the doctrine or principle of corporate personality and it carries with it the idea of limited liability which generally runs from the above mentioned doctrine of corporate personality. N ... atus, the courts have interfered to discount or disregard the doctrine of corporate personality and limited liability particularly in involving with group of business companies and auxiliaries and whe ...

(11 pages) 33 0 3.0 Feb/2009

Subjects: Businesss Research Papers > Case Studies


n 1PARTNERSHIP A partnership consisting of a minimum of 2 partners At least 1 general partner and 1 limited partner No max limit. Is not a separate legal entity from the partners Cannot sue or be sued ... not a separate legal entity from the partners Cannot sue or be sued or own property in its own name Limited life.General partner - responsible for management. UNLIMITED liability. Liable for all de ...

(26 pages) 1 0 0.0 Jan/2014

Subjects: Art Essays