MEMBERS HAVE JOINT CONTROL THE ARTICLES OF OWNERSHIP THE OWNER TAKES PARTNERS HAVE JOINT AND AUTHORITY OVER THE ASSOSSIATION AGREEMENT AND COMPLETE CONTROL CONTROL AND AUTHORITY ENTERPRISE. ASSOSSIATION CAN DEFINE ASPECTS OF CONTROL OF THE ENTERPRISE OVER THE ENTERPRISE. AGREEMENT CAN DEFINE MANAGEMENT ASPECTS OF MANAGEMENT LIMITED. A COMPANY HAS TO FULFILL ITS PURPOSE AS FUNCTION UNLIMITED. UNLIMITED. UNLIMITED. PER ITS MEMORANDUM OF ASSOSSIATION. CRITERIA SOLE PROPRIETORSHIP PARTNERSHIP CLOSE CORPORATION PRIVATE COMPANY COST OF IN LEGAL TERMS, IN LEGAL TERMS, COSTS ARE IN LEGAL TERMS, COSTS ARE FAIRLY EXPENSIVE DUE TO FORMATION COSTS ARE VERY LOW. FAIRLY LOW. MODERATELY LOW. LEGAL REQUIREMENTS THE PROFITS / LOSSES OF THE AS A LEGAL PERSON THE THE PROFITS / LOSSES ENTERPRISE ARE COMBINED AS A LEGAL PERSON THE ENTERPRISE IS A TAX PAYER, OF THE ENTERPRISE AND DISTRIBUTED IN ENTERPRISE IS A TAX PAYER, AND AND SO TAXED SEPRATELY TAXATION ARE COMBINED WITH ACCORDANCE TO EACH SO TAXED SEPRATELY FROM ITS FROM ITS MEMBERS. THE THE OWNERS CONTRIBUTION. THE ENTERPRISE IS OVERALL PARTNERS MEMBERS. ENTERPRISE IS TAXED AT THE TAXABLE INCOME. EACH PARTNER IS THEN TAXED TAXED AT THE FIXED RATE. FIXED RATE. INDIVIDUALLY. MUST BE IN THE METHOD OF LIMITED. LIMITED. ACCORDANCE WITH THE TRANSFERRING SHARES IN UNLIMITED. CAN AT ASSOSSICATION AGREEMENT. A THE PRIVATE COMPANY IS LIMITED. MORE COMPLEX, BUT TRANSFER OF ANY MOMENT, SELL, MEMBER CAN TRANSFER HIS LAID DOWN IN THE ARTICLES A PARTNER CAN BE BOUGHT OWNERSHIP AND DOWN OR INTEREST IN THE ENTERPRISE TO OF ASSOSSIATION. TRANSFER OUT TRANSFER THE REMAINING MEMBERS BY IS THEREFORE SUBJECT TO SELLING HIS INTEREST TO THE APPROVAL BY THE BOARD OF ENTERPRISE DIRECTORS. SUBJECT TO VARIOUS LEGAL RESTRICTRICTIONS AND REGULATIONS, BUT THESE ARE LESS THAN IN A PUBLIC COMPANY. REGULATIONS LEGAL NO SPECIAL LEGAL MINIMAL LEGAL FORMALITIES FAIR AMOUNT OF INCLUDE THE TRANSPARENCY RESTRICTIONS RESTRICTIONS AND REGULATION FORMALITIES AND REGULATION OF FINANCIAL REPORTS, AUDITING, ANNUAL RETURNS, MINUTES, REGISTER OF SHAREHOLDERS ETC… LIMITED ONLY ONE EACH PARTNER WILL EACH MEMBER WILL SKILLS PERSON WILL CONTRIBUTE SKILLS, CONTRIBUTE SKILLS, UNLIMITED DIVERSITY CONTRIBUTE TO THE KNOWLEDGE AND EXPERIENCE KNOWLEDGE AND EXPERIENCE SKILLS
OWNERSHIP AND CONTROL THE OWNER TAKES COMPLETE CONTROL OF THE ENTERPRISE PARTNERS HAVE JOINT CONTROL AND AUTHORITY OVER THE ENTERPRISE. MEMBERS HAVE JOINT CONTROL AND AUTHORITY OVER THE ENTERPRISE. ASSOSSIATION AGREEMENT CAN DEFINE ASPECTS OF MANAGEMENT THE ARTICLES OF ASSOSSIATION AGREEMENT CAN DEFINE ASPECTS OF MANAGEMENT FUNCTION UNLIMITED. UNLIMITED. UNLIMITED. LIMITED. A COMPANY HAS TO FULFILL ITS PURPOSE AS PER ITS MEMORANDUM OF ASSOSSIATION. CRITERIA SOLE PROPRIETORSHIP PARTNERSHIP CLOSE CORPORATION PRIVATE COMPANY COST OF FORMATION IN LEGAL TERMS, COSTS ARE VERY LOW. IN LEGAL TERMS, COSTS ARE FAIRLY LOW. IN LEGAL TERMS, COSTS ARE MODERATELY LOW. FAIRLY EXPENSIVE DUE TO LEGAL REQUIREMENTS TAXATION THE PROFITS / LOSSES OF THE ENTERPRISE ARE COMBINED WITH THE OWNERS OVERALL TAXABLE INCOME. THE PROFITS / LOSSES OF THE ENTERPRISE ARE COMBINED AND DISTRIBUTED IN ACCORDANCE TO EACH PARTNERS CONTRIBUTION. EACH PARTNER IS THEN TAXED INDIVIDUALLY. AS A LEGAL PERSON THE ENTERPRISE IS A TAX PAYER, AND SO TAXED SEPRATELY FROM ITS MEMBERS. THE ENTERPRISE IS TAXED AT THE FIXED RATE. AS A LEGAL PERSON THE ENTERPRISE IS A TAX PAYER, AND SO TAXED SEPRATELY FROM ITS MEMBERS. THE ENTERPRISE IS TAXED AT THE FIXED RATE. TRANSFER OF OWNERSHIP UNLIMITED. CAN AT ANY MOMENT, SELL, AND DOWN OR TRANSFER LIMITED. MORE COMPLEX, BUT A PARTNER CAN BE BOUGHT OUT LIMITED. MUST BE IN ACCORDANCE WITH THE ASSOSSICATION AGREEMENT. A MEMBER CAN TRANSFER HIS INTEREST IN THE ENTERPRISE TO THE REMAINING MEMBERS BY SELLING HIS INTEREST TO THE ENTERPRISE LIMITED. THE METHOD OF TRANSFERRING SHARES IN THE PRIVATE COMPANY IS LAID DOWN IN THE ARTICLES OF ASSOSSIATION. TRANSFER IS THEREFORE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. LEGAL RESTRICTIONS NO SPECIAL LEGAL RESTRICTIONS MINIMAL LEGAL FORMALITIES AND REGULATION FAIR AMOUNT OF FORMALITIES AND REGULATION SUBJECT TO VARIOUS LEGAL RESTRICTRICTIONS AND REGULATIONS, BUT THESE ARE LESS THAN IN A PUBLIC COMPANY. REGULATIONS INCLUDE THE TRANSPARENCY OF FINANCIAL REPORTS, AUDITING, ANNUAL RETURNS, MINUTES, REGISTER OF SHAREHOLDERS ETC… SKILLS DIVERSITY LIMITED ONLY ONE PERSON WILL CONTRIBUTE TO THE SKILLS EACH PARTNER WILL CONTRIBUTE SKILLS, KNOWLEDGE AND EXPERIENCE EACH MEMBER WILL CONTRIBUTE SKILLS, KNOWLEDGE AND EXPERIENCE UNLIMITED
MNE2601-study_unit_6_3rd_edition.docx