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CONTENTS PAGE 1. INTRODUCTION 2. TYPES OF COMPANY 2.1 SOLE TRADER 2.2 PARTNERSHIPS 2.3 LIMITED COMPANIES 2.3.1 PRIVATE LTD COMPANIES 2.3.2 PUBLIC LTD COMPANIES 3. CONCEPT OF INCORPORATION o ADVANTAGES o DISADVANTAGES 4. THE LEGAL FORMATION OF COMPANIES 4.1 PROMOTER o REGISTRATION PROCEDURES * MEMORANDUM OF ASSOCIATION * ARTICLES OF ASSOCIATION 4.3 SHARE CAPITAL 4.4 DIRECTORS 4.5 LOAN CAPITAL AND CHARGES 4.6 DISSOLUTION OF BUSINESS UNITS 5. CONCLUSIONS AND RECOMMENDATIONS 6. BIBLIOGRAPHY INTRODUCTION Our company, The Legal Eagles, is a firm of six legal consultants. The partnership was formed in January 2002 and consists of six fully qualified consultants, Amy, Martin, Gavin, Paul, Julia, and Marie. Our client (Cheryl Hayward) is in the process of forming a company. She wishes to avoid personal liability upon any contracts she may enter into on behalf of the proposed company. Our job is to design a report to explain the legal provisions concerned with the formation, management and dissolution of business units. The report will identify the relevant legal principles, which can influence the choice of business unit. Explain...

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