Table of content 1 | Acknowledgement | 2 | 1.0 | Introduction | 3 | 2.0 | Procedures to form a company2.1 Reservation of company name | 44 | 3.0 | Documents required to be lodged to form a company3.1 Memorandum of Association3.2 Article of Association | 555 | 4.0 | Company’s promoters | 6 | 5.0 | Natures of the company5.1 Company as a body corporate5.2 Can sue and being sued5.3 Perpetual succession5.4 Ability to own property5.5 Limited liability for its members | 8910101112 | 6
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capital‚ and other resources to run the business - Unlimited liabilities - Registered under Registration of Business Act 1956 ii. Partnership - Exist when two or more persons pool their skills‚ labor‚ capital and other resources together to form a business jointly - Under Partnership Act 1961 - Applied English Court decision iii. Company - A business organization of two or more individuals - Registered
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Publishing F4 ENG Study Text Corporate and Business Law ACCA ACCA Paper F4 (ENG) Corporate and business law (English) Welcome to Emile Woolf‘s study text for Paper F4 Corporate and business law (English) which is: Written by tutors Comprehensive but concise In simple English Used around the world by Emile Woolf Colleges Publishing Second edition published by Emile Woolf Publishing Limited Crowthorne Enterprise Centre‚ Crowthorne Business Estate‚ Old Wokingham Road
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NDA Venture Partners‚ L.P. SERIES A PREFERRED SHARE FINANCING TERM SHEET August 24‚ 2006 The intent of this Term Sheet is to describe‚ for negotiation purposes only‚ some key terms of the proposed investment agreement by and among NDA Venture Partners‚ L.P. and its associated entities (“NDA”)‚ and Wangyong Holdings‚ Ltd. (“Holdco”)‚ a limited liability Cayman Islands company. This Term Sheet is not a legally binding agreement between the Series A Investor‚ the Group and the Founders
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1. Introduction Over the past few decades‚ there is a continuing global expansion of trade and investment. As there are more and more companies doing business not only in their home country‚ they may have assets and/or establishment in other countries‚ or even their activities take place other than the company has its registered office. In case of insolvency of such a company‚ many legal issues arise. Therefore‚ a well-equipped national insolvency laws dealing with such cases is needed. Without
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business entity that will serve as the vehicle in pursuing the business that will affect the company’s and owner’s legal liability and income tax treatment. The three most common legal forms of business organization are the sole proprietorship‚ partnership and corporation. SOLE PROPRIETORHIP Sole proprietorship is a business owned and operated by an individual for his or her own profit. It is considered as the most common form of business ownership. Typically‚ the proprietor along with a few employees
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higher cost recoveries for deleted merchandise. Vendor partnerships improve by means of knowing that they have an outlet to sell their defects and overruns (with further reduced price penalties for not falling within specific L.L.Bean quality and production guidelines). These initiatives and strategies will provide three overall benefits to the company: 1.) It will protect the L.L.Bean brand by controlling the liquidation of vendor seconds‚ quality assurance rejects and vendor
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John Walter O. Boisvert TM 102 (12:20 – 2:00) FORMS OF BUSINESS ORGANIZATION 1. Sole Proprietorship - is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name. ADVANTAGES: * Capital - Sole proprietor contributes
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businesses and partnerships as a form of business entity. 1.1 Comparison of companies with other forms of business Companies differ significantly from other forms of business. A sole trader is an individual who owns and runs his or her own business. The law does not recognise the business: the law recognises only the individual who runs it. The individual is liable for the debts of the business and is also personally liable for any breaches of the law by the business. An ordinary partnership is a group
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(featuring the delegates to the 1971 Constitutional Convention)‚ with Moran actually supervising the work; that Pecson would receive a commission of P l‚000 a month starting on April 15‚ 1971 up to December 15‚ 1971; that on December 15‚ 1971‚ a liquidation of the accounts in the distribution and printing of the 95‚000 posters would be made‚ that Pecson gave Moran P10‚000 for which the latter issued a receipt; that only a few posters were printed; that on or about May 28‚ 1971‚ Moran executed in favor
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