Law: Difference between revisions

Law (edit)

Revision as of 10:11, 29 August 2013

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 * '''[[w:Outline of commercial law#Dispute resolution|Dispute resolution]]'''
 * not to forget '''[[w:Outline of commercial law#General commercial law concepts|General commercial law concepts]]'''
+=== Types of business entity in a nutshell ===
+A [[w:business]] may be one of the following:
+* private incorporated ( Inc. LLC. Ltd. )
+* public incorporated ( PLC. )
+* A "person" company such as a [[w:Sole proprietorship]] ( also known as the [[w:Sole trader]], [[w:fi:Toiminimi]] ), [[w:General partnership]] ( [[w:fi:Avoin yhtiö]] ) or [[w:Limited partnership]] ( [[w:fi:Kommandiittiyhtiö]] )
+* A [[w:Cooperative]] ( [[w:fi:Osuuskunta]] ) , there are cooperatives owned by their workers and cooperatives owned by their customers.
+'''All companies are businesses, but not all businesses are companies.'''
+:"Incorporated" means it forms a [[w:legal personality]] ( [[w:fi:oikeushenkilö]] ) of it's own and
+the owners are never liable for it's liabilities.
+:In a non-incorporated ( [[w:fi:henkilöyhtiö]] ) there is at least one person who has personal liability for the liabilities of the business. The [[w:silent partner]] ( hiljainen yhtiömies ) in a limited partnership does not have liability for the businesses liabilities.
+:Further information: [[w:Types of business entities]] ( Contains list for all types of businesses for all [[w:locale]]s )
+::Parent company of [[w:Lidl]] is a Stiftung and Lidl Suomi is a limited partnership and the other players, the S-group customer owned cooperative and the K-Group is a PLC ( Kesko Oyj ) with Ltd's owned by the merchant.
 === Resources ===