Introduction to international and comparative law - International Persons
5 important questions on Introduction to international and comparative law - International Persons
First thing to do when starting a business
Partnerships
Corporations
Limit liability companies LLC
What are the 2 basic types of business forms?
A corporation: A company of capital whose owners have limited liability: Investors are responsible/liable to the extent of their financial investment
What are civil law corporations?
Corporations are juridical entities that have legal identities separate from that of their owners
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The rights and obligations of shareholders:
- A shareholder’s rights:
- A share of the profit
- A vote in the annual meeting
- Appointing the Board of Directors
- A shareholder’s obligation
- Pay for the share
- Act according to any relevant law.
A company's rights and obligations:
- A company’s rights:
- (Broadly) Operate a business
- A company’s obligations
- Act in interest of the shareholders
- Act according to any relevant law
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