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Law: Difference between revisions
→Types of business entity in a nutshell: various improvements and adding translations into Finnish to all terms in this chunk
(starting to add Finnish terms from excellent book Access to Finnish Law by Aapo Surakka and Wikipedia, OneLook.com and other sources if necessary) |
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== Types of business entity in a nutshell == | == Types of business entity in a nutshell == | ||
A [[w:business]] ( [[w:fi:yritys]] )may be one of the following: | A '''[[w:business|business]]''' ( [[w:fi:yritys]] )may be one of the following: | ||
* | * '''Private incorporated ( Inc. LLC. Ltd. )''' [[w:fi:Osakeyhtiö_(Suomi)#Yksityinen_osakeyhti.C3.B6_.28oy.29|Yksityinen osakeyhtiö, Oy]] ) | ||
* | * '''Public incorporated ( PLC. )''' ( [[w:fi:Osakeyhtiö_(Suomi)#Julkinen_osakeyhti.C3.B6_.28oyj.29|Julkinen osakeyhtiö (oyj)]] ) | ||
* A "person" company such as | *A '''[[w:Cooperative]]''' ( [[w:fi:Osuuskunta]] ). '''Obs.''' there are cooperatives owned by their workers __and__ cooperatives owned by their customers. | ||
* A [[w: | * A "person" company such as | ||
::**A '''[[w:Sole proprietorship]]''' ( also known as the [[w:Sole trader]] ) ( [[w:fi:Toiminimi]] ) | |||
::**A '''[[w:General partnership]]''' ( [[w:fi:Avoin yhtiö]] ) | |||
::**A '''[[w:Limited partnership]]''' ( [[w:fi:Kommandiittiyhtiö]] ) | |||
----- | |||
"All companies are businesses, but not all businesses are companies." -- jubo-jubo | |||
: | ::* '''"Incorporated"''' means it forms a '''[[w:legal personality]]''' ( [[w:fi:oikeushenkilö]] ) of its own and | ||
:::the owners are <u>'''never liable'''</u> for it's liabilities. | |||
: | ::* '''Non-incorporated''' ( [[w:fi:henkilöyhtiö]] ) there is at least one person who has <u>'''personal liability'''</u> 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 ) | ||
===Examples of three competing players using different forms of business === | |||
* The S-group customer owned cooperative | |||
* the K-Group is a PLC ( Kesko Oyj ) with Ltd's owned by the merchants. | |||
* Parent company of [[w:Lidl]] is a [[w:Stiftung]] ( [[w:fi:Säätiö]] ) and Lidl Suomi is a limited partnership | |||
== Resources == | == Resources == | ||