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Law: Difference between revisions
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* '''[[w:Outline of commercial law#Dispute resolution|Dispute resolution]]''' | * '''[[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]]''' | * not to forget '''[[w:Outline of commercial law#General commercial law concepts|General commercial law concepts]]''' | ||
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= Law and terminology regarding contracts = | = Law and terminology regarding contracts = | ||
[[Business Negotiations and Contracts]] | Contracts are covered in '''[[Business Negotiations and Contracts]]''' course | ||
= Types of business entity in a nutshell = | |||
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 '''[[w:Cooperative]]''' ( [[w:fi:Osuuskunta]] ). '''Obs.''' there are cooperatives owned by their workers __and__ cooperatives owned by their customers. | |||
* 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]] ) | |||
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"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. | |||
Examples of three competing players using different forms of business can be found in Finnish daily | |||
* 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 | |||
Further information: [[w:Types of business entities]] ( Contains list for all types of businesses for all [[w:locale]]s ) | |||
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