2_Forms of Business Organizations
.pdf
Limited partnership
the juristic personality carrying out business with the limited
liability
Limited partnerships in the US
General Limited
partner partner
Partners: other types
Silent partners
Secret partners
Dormant partners
Nominal partners
Limited partnerships in the UK
Private limited |
Public limited |
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companies |
companies |
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Private limited companies
Shares are not available to the public
Shareholders are work for the company
Accounts must be published
The term “Limited” (Ltd)
Public limited companies
shares are freely transferable
£50,000 as a minimum share capital
accounts must be published
the term “plc”
Limited partnerships
Advantages
Limited liability
More capital can
be attracted
Disadvantages
Legal procedures
Investors aren’t automatically entitled to all the profits
The public sector: for-profit organizations
Nationalized companies
Not-for profit organizations
Charities
Governmental organizations
Quasi-Autonomous NonGovernmental Organizations
(QuANGOs)
Legal status of enterprises: Civil Code of the
Russian Federation (Part I, 1995). Human entities
Physical
body
Individual Farm entrepreneur enterprise