Law features

Private compaies

Ltd at the end of its name

Number of shareholder is unlimited

Public limited companies

PLC at the end of its name

Allows to sell shares to investors

Property management companies

Involves the managing of property

Divides a property into units

Companies limited by guarantee

Doesn't distribute assets

Protects the assets of

Non-profit organizations

Membership organizations

Unlimited companies

It's registered at companies house

The risk of insolvence is low

Members

Shareholders

Directors

Limited liability partnerships

Requires

A partnership agreement

Annual reporting

Community interest companies

The asset lock provissions

Used it solely for

Community benefit

Transferred to another organizations

Cheritable incorporated organizations

For register

Limited by guarantee

As a charity

Right to manage companies

To empower leaseholders

Applies leaseholders of flats

General partnerships

Agreement between 2 or more persons

Each partner assumes

Profits

Losses

Sole propiertorship

Business run by one person

It's not a legal entity

Limited liability company

Combine characteristics

Corporation

Partnership

Members can't liable for

debts

Limited partnership

Limited the personal liability

According to the amount invested

Corporation

Legal entity

Double taxation

On profits

On stockholder dividends

Small business corporation

Special closed corporations

Avoiding the "double taxation"

Legal personality

Separate patrimony

Liquidation protetion

Limited liability

Owner shielding

In contract

To creditors

Transferable shares

Connected with

Liquidation protection

Limited liability

Maximizes

Liquidity of shareholdings

Ability of shareholders

Delegated management with a board structure

The board

One or two tiers

Elected by shareholders

Has multiple members

Investor ownership

The right to control the firm

the right to receive the firm’s net
earnings.

Sources of corporate law

Special and partial corporate forms