Under entity meant a legal entity having its own assets, legal address, seal and able to answer for their actions in court.Now it allocates the different legal forms of business entities.
In general terms, it may be noted separation of commercial and non-commercial forms.The first function in order to profit in the future, and the second in the course of its activities implementing social programs.Organizational and legal forms of businesses are of greatest interest, since they provide the expanded reproduction.So release:
- Limited and Additional Liability.
- corporation.
- Association.
- Production cooperatives.
- unitary enterprises.
essence of any society lies in the fact that its charter capital contains components or fractions that have been made by various people in the form of shares.Limited Liability Company, or LLC attractive for investors that the repayment of liabilities to counterparties and creditors is carried out strictly within the limits of available resources, that is the personal property of depositors untouchable.Thus, only the risk of investors within the deposit amount.Joint and several liability rests with the members of the community more responsibility.In the case of liquidation of the company the amount of the debt is divided among all the investors in proportion to contributions.And the collection is subject to private property investors, and with a lack of assets held by the company.
important issues in the community is carried out by calling a meeting where each member has a vote.The procedure for leaving the organization depends on prior approval of the founding policies.By agreement of the majority of board members in the company's charter may be marked:
- the impossibility of re-sale or transfer of its stake to third parties;
- the requirement written consent of all investors to sell its stake or free exit from the company.
There are also organizational and legal forms, as a joint stock company.They are characterized not just a contribution to equity funds, but also the calculation of the nominal value of the shares issued by the founders.That is, the authorized capital of the company consists of a fixed number of issued shares of par value.These organizational and legal forms of business are closed and open.Representatives of the second type allow its shareholders to sell or give to third parties its stake in a free manner.Company pre-sets certain circle of shareholders, and the alienation of shares is not envisaged.
following organizational and legal form of the legal person - a partnership.These are companies whose authorized capital consists of individual shares are distributed among the founders.A partnership can be full and on faith.Members of the company have a full view of all the rights of a legal entity:
- conduct business;
- may be defendants in court;
- liable for the obligations of the company's personal property.
The structure of a limited partnership includes a number of limited partners.These people are different in that are responsible for the debts of the company only up to the amount invested in a stake in the start-up capital.
By decision of government agencies formed unitary enterprise.Its characteristic feature is the lack of ownership of the property.Indeed, the founders can lead the enterprise to take important decisions and in its sole discretion to distribute income, but all the property and start-up capital can not be divided into parts or shares, as it is in the power of the state.
often formed such legal forms as cooperatives.This association of individuals who strive to achieve common goals.Cooperatives are formed on the basis of mutual and property contributions of its members.As a rule, they are engaged in the production or marketing activity.
