Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
Introduction to incorporation.
Member rating:
(2 votes)
| Words:
| Submitted: Fri Mar 19 2004
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
COMPANY LAW I. INTRODUCTION TO INCORPORATION 1. Definition of a "Company" A company is a "corporation" - an artificial person created by law. A human being is a "natural" person. A company is a "legal" person. A company thus has legal rights and obligations in the same way that a natural person does. 2. Companies and Partnerships Compared (a) A company can be created only by certain prescribed methods - most commonly by registration under the Companies Act 1985. A partnership is created by the express or implied agreement of the parties, and requires no formalities, though it is common to have a written agreement. (b) A company incurs greater expenses at formation, throughout its life and on dissolution, though these need not be excessive. (c) A company is an artificial legal person distinct from its members. Although in Scotland a partnership has a separate legal personality by virtue of s.4(2)...
To see the full version of this document, and 145,348 others
