Law backported to Wikipedia: Difference between revisions

(some introductory text and links for the stumble-ins)
(moved type of business entity up to front because one should be aware of these things in order to get into business)
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* '''[http://www.finlex.fi/en/laki/kaannokset/ Translations of finnish laws and regulations at finlex.fi]'''
* '''[http://www.finlex.fi/en/laki/kaannokset/ Translations of finnish laws and regulations at finlex.fi]'''
* '''[http://lib.eduskunta.fi Library of The Parliament of Finland]''' is situated in the "Postitalo" right at the core of Helsinki ([http://lib.eduskunta.fi/Resource.phx/kirjasto/sijainti.htx map]). In addition to having all laws and all regulations legislated by the parliament, they offer wide variety of weekly and monthly magazines from all over the world.
* '''[http://lib.eduskunta.fi Library of The Parliament of Finland]''' is situated in the "Postitalo" right at the core of Helsinki ([http://lib.eduskunta.fi/Resource.phx/kirjasto/sijainti.htx map]). In addition to having all laws and all regulations legislated by the parliament, they offer wide variety of weekly and monthly magazines from all over the world.
= 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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= 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]] )
-----
"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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