Law feautures

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Law features

The essential elements of corporate law

Sources of corporate law

Special and partial corporate forms

Investor ownership

the right to receive the firm’s net earnings.

The right to control the firm

Delegated management with a board structure

The board

Has multiple members

Elected by shareholders

One or two tiers

Transferable shares

Maximizes

Ability of shareholders

Liquidity of shareholdings

Connected with

Liquidation protection

Limited liability

To creditors

In contract

Owner shielding

Legal personality

Liquidation protetion

Separate patrimony

Types of business entities

Small business corporation

Special closed corporations

Avoiding the "double taxation"

Legal entity

Double taxation

On stockholder dividends

On profits

Limited partnership

Limited the personal liability

According to the amount invested

Limited liability company

Members can't liable for

debts

Combine characteristics

Partnership

Corporation

Sole propiertorship

It's not a legal entity

Business run by one person

General partnerships

Each partner assumes

Losses

Profits

Agreement between 2 or more persons

Types of registered companies

Right to manage companies

Applies leaseholders of flats

To empower leaseholders

Cheritable incorporated organizations

For register

As a charity

Limited by guarantee

Community interest companies

The asset lock provissions

Used it solely for

Transferred to another organizations

Community benefit

Limited liability partnerships

Requires

Annual reporting

A partnership agreement

Unlimited companies

Members

Directors

Shareholders

The risk of insolvence is low

It's registered at companies house

Companies limited by guarantee

Protects the assets of

Membership organizations

Non-profit organizations

The document outlines various types of registered companies and their legal features, emphasizing the rights and responsibilities of leaseholders, community interest companies, and companies limited by guarantee.