Law: Difference between revisions
(starting to add Finnish terms from excellent book Access to Finnish Law by Aapo Surakka and Wikipedia, OneLook.com and other sources if necessary) |
(→Types of business entity in a nutshell: various improvements and adding translations into Finnish to all terms in this chunk) |
||
| Line 27: | Line 27: | ||
== 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 == | ||