Business Organisations

Abstract

After reading this chapter you will know about:

• 1 the different forms of business organisation: the sole trader, the partnership and the registered company

• 2 the different forms of registered company: unlimited, and limited by guarantee or limited by shares

• 3 the essential difference between the public and the private company limited by shares

• 4 the concept of the registered company as a separate legal person and occasions when the veil of incorporation can be judicially or statutorily lifted

• 5 the essential differences between the partnership and the registered company